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> 
<p><span data-sheets-root="1"></span></p>
<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>
</div>

Ripple to Unlock 1 Billion XRP Tokens Worth $609M on August 1 – Should You Buy Now?

Mục lục

Crypto News Flash

Các bài viết khác được xuất bản trên 29 thg 7, 2024

David Schwartz Praises Bitcoin’s Benefits

Trump Lays Out Plan To Make US the World’s Bitcoin Superpower

Ethereum ETFs Attract $2.2B inflows: CoinShares

Crypto: Kamala Harris Launches Offensive Against Donald Trump

Kamala Harris Meets with Ripple and Coinbase on Cryptocurrencies

Trump Promises Major Crypto Policy Shifts, Removal of SEC Chair Gensler at Bitcoin 2024 Conference

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!