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Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on June 1, worth $520 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. Until April, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, to manage the escrows. However, these accounts no longer hold active unlocking contracts, and May has already used two different addresses, as Finbold reported. The wallets ‘Ripple (24)‘ and ‘Ripple (25)‘ currently hold the 1 billion XRP monthly unlock escrows until January 2025. Picks for you Biden vs. Trump: Which President put the U.S. in more debt? 1 hour ago...

Ripple has around 40.1 billion XRP, locked in escrows and not part of the token’s circulating supply. The company unlocks 1 billion tokens monthly and retains a fraction of them for its treasury reserves and sell- offs. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.  On March 1, Ripple unlocked another 1 billion XRP, valued at $630 million, keeping 200 million, consistent with prior months. This amount is now worth roughly $126 million, with each token priced at $0.63 by press time. Picked for you Brace for strong DOGE surge; Here’s why 48 mins ago How much will MicroStrategy stock be worth if Bitcoin hits $100,000? 23 hours ago How rich is the founder of MicroStrategy: Michael Saylor's net worth revealed 23 hours ago Explosive growth uncovered: The blockchain stock that's quietly outperforming the market 1 day ago In particular, the company prepared this month’s selling activity ...