Ripple prepares for what could be an $800 million XRP dump in February
Ripple, the company behind XRPL (XRP) core development and its largest token holder, is preparing its treasury for February sales. Onchain data reveals Ripple has reserved 300 million XRP from the 1 billion unlocked on February 1. At these prices, the amount is worth $795 million. Finbold retrieved the transaction history from XRP Scan , which shows the labeled ‘Ripple (1)’ account receiving the tokens. This is a known pattern that repeats monthly, when Ripple unlocks 1 billion XRP from the genesis distribution, reserves a fraction for its budget’s sales, and re-locks the rest for future unlocks. ‘Ripple (1)’ account | rBg2FuZT91C52Nny68houguJ4vt5x1o91m. Source: XRPScan / Finbold Precisely, the company unlocked 1 billion XRP from ‘Ripple (26)’ and ‘Ripple (27)’, but has not moved these tokens yet. Instead, this time, it used previously unlocked XRP from ‘Ripple (24)’ and ‘Ripple (25)’. Picks for you...