Ripple will unlock 1 billion XRP tomorrow
Main Idea
Ripple is set to unlock 1 billion XRP tokens from escrow on August 1 as part of its monthly release process, with the token currently trading at $3.17 and a market cap of $187.72 billion.
Key Points
1. Ripple will unlock 1 billion XRP tokens from escrow on August 1 as part of its standard monthly release process.
2. XRP is currently trading at $3.17 with a market capitalization of $187.72 billion and approximately 59.23 billion XRP in circulation.
3. XRP's price has retracted from a monthly high of around $3.66 in late July, likely due to profit-taking and short-term speculator exits.
4. Historically, Ripple re-locks 60–70% of the unlocked XRP shortly after release, leaving only 300–400 million XRP in circulation.
5. The article notes that trading behavior, not token unlock events, is the real driver of volatility in XRP's price.
Description
Ripple is scheduled to unlock 1 billion XRP tokens from escrow tomorrow, August 1, as part of its standard monthly release process. The token is currently trading at $3.17, with a market capitalization of $187.72 billion, and approximately 59.23 billion XRP in circulation (out of a 100 billion max supply). XRP price and volume movements XRP’s price has retracted from a monthly high of around $3.66 in late July, moving back to its present level of $3.17. The drop appears to reflect profit-taking ...
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