Ripple is preparing for a large XRP sale of 300 million tokens, worth $1.45 billion, reserving them through escrow. This move follows their monthly routine practice of unlocking 1 billion XRP tokens, equivalent to $485 million. The tokens are distributed across various accounts, including “Ripple (24)” and “Ripple (25)”, with an additional 100 million tokens expected to be sold this month.
Historically, Ripple’s monthly sales have increased the circulating supply of XRP, which impacts its market price. Since introducing the escrow system in 2017, Ripple has typically retained no more than 350 million XRP for sales. However, higher values have been observed in recent months, such as the sale of 400 million XRP in June.
This system was implemented to address investor concerns about transparency, but the increased supply often leads to price declines. Despite improvements in transparency, the economic effects of these sales continue to influence the market performance of XRP.
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Ripple’s sales range from 200 million to 400 million XRP per month in 2024, directly impacting the price of XRP. Out of the 14 sale days this year, price increases were observed in only five, while the rest experienced local collapses.
These fluctuations highlight the importance of monitoring Ripple’s activities. Furthermore, XRP has recorded negative monthly results in four out of the first six months of 2024. As Ripple continues its sales, market observers remain cautious about potential impacts on prices and overall market stability.
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