The Sandbox

Arbitrum

Aptos

<ul> 
 <li><strong>Ripple will unlock 1 billion XRP tokens worth $609 million on August 1st, potentially impacting the market.</strong></li> 
 <li><strong>With Ripple’s ongoing partnerships and recent market performance, it might be a strategic time to consider buying XRP.</strong></li> 
</ul>  
<p>In August, nearly $1.5 billion worth of tokens from major crypto projects will be unlocked, starting with a substantial release of 1 billion XRP tokens worth $609 million on August 1 by Ripple. As previously discussed in a CNF <a href="https://www.crypto-news-flash.com/ripple-ceo-brad-garlinghouse-foresees-exponential-growth-in-rwa-tokenization-with-archax-partnership-2/">post</a>, Ripple CEO Brad Garlinghouse foresees exponential growth in RWA tokenization with the Archax partnership.</p> 
<p>As of now, Ripple has been unlocking 1 billion XRP monthly since 2017 but often re-locks a large portion, as it did in June by re-locking 800 million XRP and releasing 300 million into circulation.</p> 
<p>As highlighted in today’s CNF YouTube video, other significant unlocks include 600 million Wormhole tokens worth $180.5 million on August 3, and 9.4 million Avalanche tokens valued at $268 million on August 20.</p> 
<p><iframe title="Ripple to Unlock 1 Billion XRP Tokens Worth $609M on August 1 - Should You Buy Now?" width="788" height="443" src="https://www.youtube.com/embed/w5jDb2dlbbM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>Several other projects will also release tokens on August 1. Sui will unlock 64 million tokens worth $50 million, while dYdX will release 8.33 million tokens valued at nearly $11 million. ZetaChain is set to unlock 53.9 million tokens worth $34.5 million.</p> 
<h2 id="should-you-invest-in-xrp-now">Should you invest in XRP now?</h2> 
<p>Besides Ripple and Archax’s expanding partnership to tokenize hundreds of millions in real-world assets on the XRP Ledger, as earlier <a href="https://www.crypto-news-flash.com/breaking-ripple-archax-join-forces-to-tokenize-real-assets-worth-millions/">reported</a> by CNF, it is worth noting that later in the month, Immutable IMX will unlock 32.5 million tokens worth $49 million on August 9, Aptos will release $80 million worth of tokens on August 12, and The Sandbox will unlock $69 million worth of tokens on August 14.</p> 
<p><a href="https://www.crypto-news-flash.com/ripples-master-plan-how-tokenization-could-boost-xrp-to-new-heights/">Additionally</a>, Starknet will release 64 million tokens worth $35 million on August 15, and Arbitrum will unlock 92.6 million tokens valued at $67 million on August 16. At the time of writing, Ripple (XRP) is trading at <strong>$0.6105</strong>, having surged by <span style="color: #008000;"><strong>0.64%</strong></span> in the past day and <span style="color: #008000;"><strong>1.30%</strong></span> in the past week. Maybe it’s time to consider buying XRP. See the XRP price chart below.</p> 
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<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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Ripple to Unlock 1 Billion XRP Tokens Worth $609M on August 1 – Should You Buy Now?

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Crypto News Flash

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