Ripple to unlock 1 billion XRP on October 1; What’s next?
Ripple will unlock 1 billion of non-circulating XRP on October 1. This will happen as more monthly escrows from the token’s initial distribution reach finality, adding fuel to the company’s sales. At current prices, the unlock’s nominal value is $640 million, which will be partially sold in the next few days. According to public ledger data from XRPScan , two accounts hold the three escrows that will reach finality on September 30. Ripple (24) will unlock 500 million XRP in a single transaction, while Ripple (25) will release 400 million and 100 million XRP from two escrows previously programmed. Picks for you OpenAI o1 predicts Bitcoin price for the 2024 'Uptober' 2 hours ago Beware: Cryptocurrencies to unlock $300 million ...