Cardano

Yuan

TRON

Avalanche

<div class="finbold">
 <p class="paragraph">On the first day of every month, Ripple <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s 1 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> XRP tokens from an escrow system using the XRP Ledger. On March 1 (Friday), the company will <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> $600 million worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP.</p>
 <p class="paragraph">Interestingly, March 2024’s <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> accounts for 1.83% of the current 54.59 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> circulating supply. Moreover, accrues for 2.48% of the remaining 40.3 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> XRP tokens locked in escrows under Ripple’s control.</p>
 <p class="paragraph">Three escrows will reach finality in the last minutes of February 29, held by two known crypto wallet addresses Ripple owns. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in January 2020.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bybit integrates TradingView facilitating trades with new charting capabilities <span class="self-center text-xs text-slate-500">7 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    TRON network skyrockets to 100 million addresses, dwarfing Cardano and Avalanche <span class="self-center text-xs text-slate-500">58 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    The anatomy of a parabolic plummet: why this stock crashed hard <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin reaches all-time high in Chinese Yuan <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="169" src="https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp" alt class="wp-image-157691" srcset="https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (22) assets – escrows. Source: <em>XRP Scan</em>
  </figcaption>
 </figure>
 <p class="paragraph">Second, ‘Ripple (23)’ will unlock 200 million and 300 million tokens, previously locked in February and January 2020, respectively. These are the last three escrows left for both accounts, but more unlock contracts are left in other Ripple-controlled addresses.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="203" src="https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp" alt class="wp-image-157692" srcset="https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (23) assets – escrows. Source: <em>XRP Scan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-this-is-what-ripple-did-to-the-1-billion-xrp-released-in-february">This is what Ripple did to the 1 billion XRP released in February</h2>
 <p class="paragraph">The escrow system unlocked 1 billion XRP on February 1. Later, Ripple re-locked 800 million of the total (80%) in escrows that will end by June and July 2027.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="552" src="https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp" alt="Monthly Ripple (XRP) unlock – February, 2024. Source: Finbold
" class="wp-image-152774" srcset="https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly Ripple (XRP) unlock – February, 2024. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Notably, despite keeping only 200 million XRP, the company spent 260 million tokens ($156 million) from its treasury account, ‘Ripple 1,’ in February. The sell-offs occurred in three batches, all sent to the same address, ‘rP4X2…Kxv3’.</p>
 <p class="paragraph">As developed, Ripple sent the 200 million XRP to its reserves on February 1. Further, the payment protocol made one transaction of 120 million tokens on February 5 and one of 80 million XRP on February 11.</p>
 <p class="paragraph">After using all the <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ed reserves, it received 100 million extra tokens from ‘Ripple (52),’ spending 60 million on February 20.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="276" src="https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp" alt class="wp-image-157693" srcset="https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <p dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;" id="docs-internal-guid-cc991576-7fff-571d-8327-040e84c49321"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Ripple (1) account summary. Source: </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">XRP Scan</span></p>
  </figcaption>
 </figure>
 <p class="paragraph">As XRP is released each month, it contributes to the token’s inflation, with Ripple significantly influencing its market dynamics and value.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-to-unlock-1-billion-xrp-on-march-1-what-s-next-tbt81071.html">https://thebittimes.com/ripple-to-unlock-1-billion-xrp-on-march-1-what-s-next-tbt81071.html</a></p>

Ripple to unlock 1 billion XRP on March 1; What’s next?

목차

TheBitTimes

2024년 2월 28일에 게재된 다른 기사

Pre-Bitcoin Halving, Solana Investors Buy Remaining Pushd Coins for Big Gains

Solana’s Bullish Outlook Gains Momentum with Bitcoin’s Market Rise

Bitcoin Price Passes $56,500 – How High Will BTC Reach as Bitcoin Minetrix ICO Nears $11.5M

Gemini AI Upgrade: Google Races to Rectify Unacceptable Responses

DWF Labs Initiates Cutting-Edge Blockchain Trading Platform for Cryptocurrency Accessibility

Bitcoin Price Prediction: Aims for new highs, Market Buzzes

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!