2024

Billion

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On Jan. 1, 2024,&nbsp;<a href="https://x.com/whale_alert/status/1741610246487916612?s=20" rel="noopener noreferrer nofollow">Ripple</a>, the leader in corporate crypto solutions, executed its planned release of 1 billion XRP from its escrow accounts. This well-established practice, occurring every first of the month, saw three distinct transactions unfold, injecting a measured dose of liquidity into the&nbsp;<a href="https://u.today/shiba-inu-shib-witnesses-mysterious-446-million-whale-activity" rel="noopener noreferrer nofollow">cryptocurrency</a> market.
The initial tranche, a sizable 100 million XRP valued at approximately $61.14 million, emerged from Ripple's secure vault. This was followed by a larger 400 million XRP contingent, estimated at $244.57 million, and finally, a substantial 500 million XRP wave, worth $305.71 million, crested onto the market.
<blockquote>
 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (305,711,372 USD) unlocked from escrow at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/XMbSnfESra" rel="noopener noreferrer nofollow">https://t.co/XMbSnfESra</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1741610246487916612?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 1, 2024</a>
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<a href="https://u.today/ripple-devs-unleash-meme-challenge-to-celebrate-2023s-finale" rel="noopener noreferrer nofollow">Ripple</a> implemented the escrow system at the end of 2017 to ensure controlled distribution and market stability for XRP. With 55 billion tokens allocated across a series of escrow accounts, each holding 1 billion of them, the controlled release is designed to span the next 42 months, potentially concluding by mid-2027.
<h2 dir="ltr" id="xrp-price-reaction">XRP price reaction</h2>
While the initial market response saw XRP dip by approximately 2%, the reaction was short-lived. By the current moment, XRP has recovered most of its losses, closing with a marginal 0.3% decline compared to the previous day. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a7782865-9851-4b7c-8469-1636d38f16a1" src="https://u.today/sites/default/files/inline-images/XRP_1D_graph_coinmarketcap%20%284%29_0.jpeg">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This resilience, coupled with Ripple's transparent and predictable release strategy, has fostered cautious optimism among investors and enthusiasts.
Presently,&nbsp;<a href="https://u.today/xrp-could-surge-massively-at-beginning-of-2024-heres-why" rel="noopener noreferrer nofollow">XRP</a> trades at around $0.614 per token, demonstrating a steady rebound. As Ripple continues its scheduled releases, the broader cryptocurrency community remains keenly focused on market dynamics and the potential long-term impact on XRP's value.

1 Billion XRP Unlocked by Ripple, XRP Price Reacts With 2% Drop

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