Ripple Unlocks 1 Billion XRP Worth $1.63 Billion: Will Price Recover?

Ripple unlocked 1 billion XRP —worth approximately $1.63 billion—on February 2, as part of its funding strategy. 300 million XRP—worth half a billion dollars—are now reserved at its main treasury account, reserved for the company’s sales this month. Coinspeaker researched this information via publicly available, on-chain data retrieved from Ripple-owned accounts, labeled by XRPScan. Notably, the funds come from previously locked XRP tokens via escrows created in 2022 that date back to XRP’s pre-mint and i ...