Ripple to unlock 1 billion XRP tomorrow (September 1); What’s next?
Ripple, the core developer of XRP Ledger (XRP) and its largest holder, will unlock 1 billion XRP on September 1. This is part of Ripple’s monthly unlocks from the token’s initial distribution and often precedes a price drop. At current prices, the unlock’s nominal value is $570 million, which will be partially sold in the next few days. Finbold retrieved data from XRPScan , showing the escrows from ‘Ripple (24)‘ and ‘Ripple (25)‘ that will finish after August 31. Specifically, the former will unlock 500 million XRP in a single transaction, while the latter will unlock 200 million and 300 million XRP in two transactions. Picks for you 3 cryptocurrencies to avoid trading next week 19 mins ago These in...