Ripple spent 120M of December’s 200M unlock; What’s next for XRP?
Ripple kept 200 million XRP liquid after unlock ing its monthly 1 billion tokens within the escrow system. So far, on December 13, the largest XRP Ledger (XRP) holder has already spent 120 million ($73.8 million) out of the total kept this month. Notably, these unlock s have happened since 2017 because Ripple received 80% of all the XRP tokens created in 2012. After each monthly unlock , the company sells an arbitrary amount of the available tokens, added to its circulating supply. This is what constitutes XRP’s supply inflation, which directly impacts price projections for the digital asset. Essentially, this inflation is also what mostly funds Ripple’s endeavors and revenue. Finbold has covered each month’s sell-off since September, identifying an on-chain spending pattern that was partially repeated in December. Tracking Ripple’s on-chain XRP trails Cryptocurrency Top 3 cryptocurrencies under $1 to buy this week Cryptocurrency Ripple has 200 ...