Ripple sell-off alert: 200 million XRP reserved for May dumps
Ripple has reserved 200 million out of the 1 billion XRP unlocked in May for its monthly sell- off. This amount is worth nearly $104 million , with XRP price trading below $0.52. Currently, the company has around 39.70 billion tokens locked in escrows from the initial distribution that never circulated. Ripple unlocks 1 billion of these XRP tokens every month and re-locks an arbitrary amount for further release. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value and also XRP’s short-term price action. Picks for you R. Kiyosaki warns ‘the crash has begun’ and it is ‘a bad one’ 2 hours ago AI predicts Gold price for May 31, 2024 20 hours ago Former PayPal President says Bitcoin ‘will be the native currency of AI’ 21 hours ago $10 trillion investment giant outlines tomorrow’s Bitcoin bulls 22 hours ago Notably, Ripple used two new accounts for May’s unlock, starting a new escrow epoch with the ...