Ripple, the largest holder of the XRP token, owns around 46.10 billion XRP currently locked in escrows and not part of the circulating supply. On December 1, Ripple released 1 billion tokens, valued at $645 million, keeping 20% of the total.
Notably, each month Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks through XRP Scan, identifying patterns that affect the asset’s long-term value.
In December, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $130 million, with each token priced at $0.645 by press time.
Monthly escrow Ripple (XRP) | December 2023. Source: Finbold
Interestingly, both Ripple (22) and Ripple (23) still hold 3 billion XRP tokens for monthly escrows that will be unlocked within the next three months until March 1, 2024. These unlocks are a crucial part of XRP’s supply inflation, and cryptocurrency investors must follow further activities for valuable insights.
It is important to understand that Ripple usually liquidates their holdings in strategic moments. Essentially, the sell-offs represent a relevant weight of the token’s 24-hour trading volume, capable of influencing short-term price action.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
