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BEARISH 📉 : Ripple unlocks 1 billion XRP amid 18% monthly price drop
Ripple Unlocks 1 Billion XRP
- Ripple unlocked 1 billion XRP, valued at approximately $1.63 billion, as part of its funding strategy.
- 300 million XRP are reserved in Ripple's main treasury for sales in February.
- The tokens were previously locked in escrows created in 2022.
- Unlocks occurred from accounts labeled Ripple (9) and Ripple (28).
- Each account released 500 million XRP, with amounts reallocated to other accounts.
- Some XRP were re-locked in new escrows set to unlock in December 2026.
XRP Price Analysis
- XRP is trading at $1.63, experiencing an 18% loss over the past 30 days.
- Market capitalization stands at nearly $100 billion, ranking it fifth-largest by market cap.
- The recent unlock represents 1.66% of the circulating supply, with 300 million XRP reserved for current operations representing 0.5%.
- Crypto products have seen a net outflow of $1.7 billion recently, affecting market supply.
Regulatory Development
- Ripple has been granted a full Electronic Money Institution (EMI) license by Luxembourg's CSSF, indicating progress in compliance efforts.