Cryptocurrency

April

<div class="finbold">
 <p class="paragraph">Ripple is the biggest XRP owner, which includes the 46.43 billion XRP tokens locked in escrows that are not yet considered in the circulating supply. On November 1, Ripple unlocked 1 billion tokens ($610 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>) out of the 46 billion.</p>
 <div></div>
 <p class="paragraph">Every month, 1 billion out of the remaining tokens are unlocked under Ripple’s control. However, the company usually only keeps a small share of the monthly unlocks – reserved for its treasury – which has been majorly sold in the market.</p>
 <p class="paragraph">Finbold has been monitoring the public ledger through <em>XRP Scan</em> and reporting Ripple unlocks. So far, we have identified a few patterns in the XRP supply inflation. This directly affects the digital asset’s long-term value, as seen in the lower price XRP would trade in case it hits an all-time high market cap.</p>
 <p class="paragraph">Notably, the controlling company kept 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP in November, which is the same amount kept in the last reported months. With an increased price per token, this month’s inflation is worth approximately $122 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> (at $0.61 per token).</p>
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 <p class="paragraph">The transaction “D5AF6…CFFAC” consolidated November’s tokens unlock with a payment from “Ripple (22)” to “Ripple (1)” wallet addresses.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="273" src="https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp" alt="Transaction summary. " class="wp-image-135254" srcset="https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp 1024w, https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp 300w, https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp 768w, https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp 1536w, https://cdn.thebittimes.com/images/2023/11/02/374ffc9d6d71f51535ea80f82724bbf5.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Transaction summary. Source: <em>XRP Scan</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-ripple-relocks-800-million-xrp-in-new-escrows">Ripple relocks 800 million XRP in new escrows</h2>
 <p class="paragraph">Similar to what happened in October, the 1 billion was unlocked by two wallet addresses under the company’s control: Ripple (22) and Ripple (23). It was then sent to three other accounts of the same ownership.</p>
 <ul>
  <li>Ripple (1) received 200 million XRP from Ripple (22), which is still liquid and ready to be spent.</li>
  <li>Ripple (10) received 300 million XRP from the remaining tokens unlocked by Ripple (22), plus 100 million XRP from Ripple (23). And locked 400 million XRP in a new escrow, set to unlock in April 2027.</li>
  <li>Ripple (11) received 400 million XRP from Ripple (23), all re-locked into an escrow set to be unlocked by April 2027.</li>
 </ul>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="558" src="https://cdn.thebittimes.com/images/2023/11/02/48c19f967e6974a9b8577335cba2b836.webp" alt="Monthly escrow Ripple (XRP) | November 2023" class="wp-image-135256" srcset="https://cdn.thebittimes.com/images/2023/11/02/48c19f967e6974a9b8577335cba2b836.webp 1024w, https://cdn.thebittimes.com/images/2023/11/02/48c19f967e6974a9b8577335cba2b836.webp 300w, https://cdn.thebittimes.com/images/2023/11/02/48c19f967e6974a9b8577335cba2b836.webp 768w, https://cdn.thebittimes.com/images/2023/11/02/48c19f967e6974a9b8577335cba2b836.webp 1384w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly escrow Ripple (XRP) | November 2023. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Additionally, both Ripple (22) and Ripple (23) still hold 4 billion XRP tokens for monthly escrows that will be unlocked within the next four months until March 1, 2024.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-to-dump-122-million-of-xrp-in-november-tbt68826.html">https://thebittimes.com/ripple-to-dump-122-million-of-xrp-in-november-tbt68826.html</a></p>

Ripple to dump $122 million of XRP in November

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