Token

Billion

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<ul class="news-points">
 <li>Nearly $1.5 billion worth of tokens will be unleashed in August, with Ripple leading the charge.</li>
 <li>Ripple unlocks 1 billion XRP tokens, worth $609 million, on August 1.</li>
 <li>Other notable unlocks in August include AVAX, Sui, W, SAND, ZetaChain, dYdX, IMX, etc.</li>
</ul>
A massive <a href="https://token.unlocks.app/" target="_blank" rel="noopener noreferrer nofollow">$1.5 billion wave of token unlocks</a> is set to hit the crypto market in August, with Ripple’s XRP leading the way. The XRP token is poised to release 1 billion tokens, valued at approximately $609 million, on August 1st.&nbsp;
Ripple’s massive unlock is part of the platform’s strategic move that began in 2017. The platform engages in a process that unlocks up to 1 billion XRP tokens from two main wallets—Ripple (24) and Ripple (25)—on the first day of each month.
Usually, Ripple re-locks the newly released tokens as part of the strategy. For instance, the platform <a href="https://coinmarketcap.com/community/articles/6659d5848e7a5e61815c66ef/" target="_blank" rel="noopener noreferrer nofollow">offloaded</a> 1 billion tokens on June 1 and relocked 800 million subsequently. As per a report in February, the platform <a href="https://coinedition.com/ripple-unlocked-600m-xrp-but-re-locks-800m-heres-why/" rel="noopener noreferrer nofollow">locked</a> 800 million tokens, worth more than $400 million in its escrow wallet following a comparatively lower amount of release for the month.
Ahead of the monthly token unlock, XRP is trading on a positive track, mark…
The post <a href="https://coinedition.com/crypto-market-to-see-1-5-billion-in-token-unlocks-in-august-ripples-xrp-leads/" rel="noopener noreferrer nofollow">Crypto Market to See $1.5 Billion in Token Unlocks in August, Ripple’s XRP Leads</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market to See $1.5 Billion in Token Unlocks in August, Ripple’s XRP Leads

Coin Edition

Andre artikler udgivet 29. jul. 2024

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