Ethereum

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 <p class="paragraph">Ripple kept 200 million XRP liquid after <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ing its monthly 1 billion tokens within the escrow system. So far, on December 13, the largest XRP Ledger (XRP) holder has already <a rel="noopener noreferrer nofollow" title="spent" href="https://thebittimes.com/tag/spent.html">spent</a> 120 million ($73.8 million) out of the total kept this month.</p>
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 <p class="paragraph">Notably, these <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s have happened since 2017 because Ripple received 80% of all the XRP tokens created in 2012. After each monthly <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>, the company sells an arbitrary amount of the available tokens, added to its circulating supply.</p>
 <p class="paragraph">This is what constitutes XRP’s supply inflation, which directly impacts price projections for the digital asset. Essentially, this inflation is also what mostly funds Ripple’s endeavors and revenue.</p>
 <p class="paragraph">Finbold has covered each month’s sell-off since September, identifying an on-chain spending pattern that was partially repeated in December.</p>
 <h2 class="wp-block-heading" id="h-tracking-ripple-s-on-chain-xrp-trails">Tracking Ripple’s on-chain XRP trails</h2>
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       <h3 class="font-bold leading-6 " id="ripple-has-200-million-xrp-to-sell-in-december-what-s-next">Ripple has 200 million XRP to sell in December; What’s next?</h3>
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 <p class="paragraph">Interestingly, the company’s spending crypto wallet address ‘Ripple (1)’ made two payments of 60 million XRP each to ‘rP4X2…sKxv3’. One was made on December 6, and the other on December 12.</p>
 <p class="paragraph">This was the same address to receive Ripple’s payments before, which suggests a strong link with the company. Similarly, all the following addresses have already been spotted in previous months under similar conditions.</p>
 <p class="paragraph">However, unlike before, the addresses’ owners have spread the transferred amounts in multiple small transactions. Some of them went back and forth from other addresses, which hardened their traceability.</p>
 <p class="paragraph">We followed the exact amounts until they reached ‘rhWt2…E32hk’, for a total of 54.075 million received by this address as of writing. An unknown amount was then sent to ‘r4wf7…h4Rzn’, the usual address, before depositing Ripple’s XRP to cryptocurrency exchanges.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="555" src="https://cdn.thebittimes.com/images/2023/12/14/17adfa6f20d1feb23cb6c865360ae612.webp" alt class="wp-image-142955" srcset="https://cdn.thebittimes.com/images/2023/12/14/17adfa6f20d1feb23cb6c865360ae612.webp 1024w, https://cdn.thebittimes.com/images/2023/12/14/17adfa6f20d1feb23cb6c865360ae612.webp 300w, https://cdn.thebittimes.com/images/2023/12/14/17adfa6f20d1feb23cb6c865360ae612.webp 768w, https://cdn.thebittimes.com/images/2023/12/14/17adfa6f20d1feb23cb6c865360ae612.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Ripple moves 120 million XRP in a possible sell-off in December. Source: Finbold
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 <p class="paragraph">Finally, an unknown amount reached previously used exchanges like Bitstamp, Bitso, Independent Reserves, and BTC Markets. The deposits were also made in multiple smaller transactions constantly happening since the beginning of December.</p>
 <p class="paragraph">It is certain that the increased selling pressure of newly <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ed tokens impacts order books and XRP’s price. Investors must remain aware of Ripple’s spending and consider the supply inflation impact on their holdings.</p>
 <p class="paragraph">Particularly, XRP would trade at $2.39 per token if it reaches the all-time high market cap of $128.498 billion. A loss of $1.45 (37.7%) from the previous price of $3.84 in 2018 facing a similar demand.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-spent-120m-of-december-s-200m-unlock-what-s-next-for-xrp-tbt73596.html">https://thebittimes.com/ripple-spent-120m-of-december-s-200m-unlock-what-s-next-for-xrp-tbt73596.html</a></p>

Ripple spent 120M of December’s 200M unlock; What’s next for XRP?

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