Ripple just unlocked 1 billion XRP; Incoming crash?
Summary ⚈ Ripple unlocked 1B XRP in May, worth $2.2B, as part of its routine strategy. ⚈ XRP price remains steady amid SEC case, ETF hopes, and whale accumulation. ⚈ Short-term bearish signs, but long-term trend stays positive. Ripple has executed its routine monthly unlock of 1 billion XRP tokens from escrow for May, which could introduce fresh price swings for the cryptocurrency. On-chain data indicates that the unlock, involving XRP worth approximately $2.2 billion, occurred in three separate transactions on May 2. Ripple first unlocked 200 million XRP ($440.52 million) at 22:28 UTC to its Ripple (26) address. A minute later, it released another 300 million XRP ($660.86 million) to the same address. At 22:31 UTC, 500 million XRP ($1.1 billion) was unlocked to a separate address, Ripple (27). Ripple’s 500 XRP transaction. Source: WhaleAlert Despite the large volume, Ripple’s monthly 1 billion XRP unlock is part of a long-standing, scheduled ...