Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-unlocks-1-billion-xrp-tokens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Unlocks 1 Billion XRP Tokens</a><br></p>
<p style="text-align: justify">Ripple, the issuer of the cryptocurrency <a href="https://en.bitcoinhaber.net/analyst-predicts-3000-xrp-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, is set to release 1 billion XRP tokens valued at $520 million on June 1. This regular procedure could potentially affect the <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> pricing of XRP.</p>
<h2 id="what-led-to-the-may-adjustments">What Led to the May Adjustments?</h2>
<p style="text-align: justify">Since 2017, Ripple has been releasing 1 billion XRP tokens monthly using escrow accounts. Previously, the addresses ‘Ripple (22)’ and ‘Ripple (23)’ were utilized until April. In May, these were replaced with new addresses ‘Ripple (24)’ and ‘Ripple (25)’, which will be used for monthly releases until January 2025.</p>
<p style="text-align: justify">On May 1, Ripple unlocked 1 billion XRP from these new addresses, selling 200 million tokens to cover operational costs and re-locking the remaining 800 million tokens until September 2027. A portion of these tokens was sent to the treasury address ‘Ripple (1)’, with subsequent sales completing the monthly distribution.</p>
<h2 id="how-will-this-affect-xrp-prices">How Will This Affect XRP Prices?</h2>
<p style="text-align: justify">The significant influx in supply has raised concerns about its impact on XRP’s market value. Historical trends reveal that XRP prices frequently decline during these sales phases. In 2024, only five out of twelve sales resulted in positive price movements, while the remaining seven saw declines, making these events crucial for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>.</p>
<p style="text-align: justify">During the first five months of 2024, XRP experienced price drops in the initial three months. After unlocking 1 billion tokens on May 1, the price remained stable. Presently, XRP trades at $0.5174, reflecting a 0.73% decrease in the past 24 hours, with a market cap of $28 billion and a 24-hour trading volume down by 5% to $1.254 billion.</p>
<h2 id="investor-insights">Investor Insights</h2>
<p style="text-align: justify"><strong>Key Takeaways for Investors:</strong></p>
<ul>
 <li>Monitor monthly token releases, as they frequently impact XRP prices.</li>
 <li>Consider the historical trend of price drops during sales periods.</li>
 <li>Evaluate the potential long-term effects of re-locking large token amounts.</li>
 <li>Stay informed about changes in Ripple’s operational addresses.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">As Ripple continues its monthly token release strategy, the cryptocurrency community remains vigilant about the potential market impacts. Investors are advised to stay abreast of these developments to make informed decisions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripple-unlocks-1-billion-xrp-tokens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Unlocks 1 Billion XRP Tokens</a></h5>

Ripple Unlocks 1 Billion XRP Tokens

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