What Will Ripple Do With Over $500,000,000 in XRP Unlocked From Escrow?

2023-10-1 17:30

Ripple, the company behind the XRP cryptocurrency, unlocked over $500 million worth of XRP from escrow today. Specifically, Ripple unlocked 400 million XRP ($205.9 million), 100 million XRP ($51.5 million), and 500 million XRP ($257.4 million), as reported by Whale Alert on X (Twitter).

This massive unlocking of XRP from escrow could have major implications for the cryptocurrency’s price and role in Ripple’s plans. Here are some potential scenarios:

Ripple could sell the newly released XRP on exchanges, potentially putting downward pressure on XRP’s price as supply increases. This could allow Ripple to raise capital to fund its ongoing operations and investments. Ripple might choose to hold the newly unlocked XRP in reserve. This would avoid negative short-term pricing impacts but give Ripple a stockpile of XRP to potentially sell or use at a later date. Some of the unlocked XRP could be used to provide liquidity incentives for market makers to improve XRP trading volume and availability. More robust trading activity could support longer-term price stability. Ripple may plan to distribute some of the newly unlocked XRP to institutional clients to increase adoption for usage in cross-border payments and remittances. Higher adoption could improve XRP’s utility and value proposition over the longer term. Ripple might burn a portion of the unlocked XRP to permanently decrease supply and potentially affect XRP’s price.

Of course, these scenarios are purely speculative, and it remains to be seen what Ripple will actually do with the newly unlocked funds.

The massive scale of these unlocked funds gives Ripple considerable flexibility. But the company’s choices will undoubtedly impact XRP’s volatile price. Ripple’s next moves are sure to be closely watched by investors and observers across the crypto industry.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post What Will Ripple Do With Over $500,000,000 in XRP Unlocked From Escrow? appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5381 (+0.80%)
Объем 24H $1.682b
Изменеия 24h: 4.74 %, 7d: 7.84 %
Cегодня L: $0.5299 - H: $0.5414
Капитализация $29.749b Rank 7
Цена в час новости $ 0.518 (3.88%)

xrp million unlocked ripple escrow 500 specifically

Источник: captainaltcoin.com

xrp million → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 4 Cryptos Under $1 for Quick Gains in May

As the bull run of 2024 charges forward, the search is on for cryptocurrencies that promise attractive short-term returns without breaking the bank. Strategic investments in coins trading under the $1 threshold can lead to significant financial rewards.

Most Underwatched Cryptos to Invest in May

Exploring the cryptocurrency market can uncover lesser-known opportunities with strong growth potential. As the bull run of 2024 continues, identifying undervalued coins becomes critical for those looking to invest this May.