XRP News Today: Whale Sell-Off Hits $1B Following Ripple’s Massive Unlock
2025-07-04 11:11:37
Main Idea
Ripple has unlocked 1 billion XRP in July, adopting a more flexible approach to managing its reserves, while large whale sell-offs are putting downward pressure on XRP's price.
Key Points
1. Ripple unlocked 1 billion XRP in two parts in July, relocking 700 million and leaving 300 million for potential use.
2. Ripple has shifted from its old pattern of unlocking and relocking XRP to more flexible movements since March.
3. Whale Alert reported a transfer of 225,109,772 XRP (over $500 million) between unknown wallets, adding to market pressure.
4. Whales holding between 100 million and 1 billion XRP sold over 600 million XRP (worth $1 billion) in 24 hours, reducing their holdings to 7.7 billion XRP.
5. XRP is trading at $2.23, facing resistance at $2.248, with analysts watching this level for potential price movement.
Description
The post XRP News Today: Whale Sell-Off Hits $1B Following Ripple’s Massive Unlock appeared first on Coinpedia Fintech News Ripple surprised the crypto market today by unlocking another 500 million XRP. This comes just days after it released 500 million XRP on July 1. Usually, Ripple unlocks 1 billion XRP at once at the start of each month, but this time the release was split into two parts. 500,000,000 #XRP (1,118,938,031 USD) unlocked from escrow at unknown wallet https://t.co/5jBpd4IqV1 — Wha...
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