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Ripple will unlock 1 billion XRP on October 1; Understand impact
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Ripple will unlock 1 billion XRP token this Tuesday, October 1st. This movement is part of the ongoing process of releasing monthly escrows, a result of the initial distribution of the token. The release will occur as the escrows reach the final due date, which can boost the company’s sales.
Based on current prices, the face value of this unlock is approximately $640 million. Ripple plans to sell a portion of these tokens in the coming days. According to public data from XRPScan, two specific Ripple accounts are responsible for maintaining the three escrows.
The Ripple account (24) will release 500 million XRP in a single transaction. Meanwhile, the Ripple account (25) will be responsible for releasing an additional 400 million and 100 million XRP, coming from previously scheduled escrows.
Since 2012, XRP has been one of the cryptocurrencies with the highest supply inflation rate in circulation. During this period, Ripple has unlocked and distributed over 56.5 billion XRP, while still maintaining over 43 billion tokens in its possession.
Ripple will release tokens
By early September, Ripple had already released 1 billion XRP, valued at approximately $570 million. At the time, the company reserved 200 million tokens in its treasury account, while reprogramming 800 million XRP to escrows due in December 2027. In subsequent days, the company added another 150 million XRP to the Ripple account (1), which is the net treasury account used for token sales.
Sales continued as expected. On September 13, Ripple sold 150 million XRP, followed by another sale of 200 million tokens on September 23. This was Ripple’s second highest monthly sales volume in 2024, behind only the 400 million XRP sale in June.
Year to date, Ripple has sold 2.376 billion XRP, adding approximately US$1.51 billion to the market value.
XRP is currently trading at $0.638 per token, according to data from CoinGecko. Over the past seven days, the Ripple token price has risen by more than 8%.
Cryptocurrency market experts recommend that investors pay attention to Ripple’s selling activities. This is because large sales volumes can significantly impact the price of the token.
Despite this, XRP could still perform positively if there is enough demand. Some analysts predict that the token could reach the $2 mark by 2025, depending on market behavior and demand for cryptocurrencies.
Ripple will unlock 1 billion XRP on October 1; Understand impact
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Ripple will unlock 1 billion XRP on October 1; Understand impact
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Ripple will unlock 1 billion XRP on October 1; Understand impact
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Ripple will unlock 1 billion XRP on October 1; Understand impact
