China News Daily TheBitTimes.com

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 ...

Ripple has moved 100 million XRP from the 200 million kept from September’s 1 billion XRP token unlock . From that, 72 million tokens passed through five different accounts before being deposited in small batches to four different exchanges, indicating they were sold. Notably, this possible sell-off of the freshly released XRP tokens happened amid a general price crash that devastated the cryptocurrency market on September 11, in a growing fear of FTX liquidations, which includes dozens of millions of dollars in XRP. Besides that, XRP itself has lost over $1 billion in market cap in the last few days. Following the track of the 100 million XRP After the 1 billion XRP escrow, Ripple re-locked 800 million in new escrows, keeping 200 million tokens in the “Ripple (1)” account, ready to be put into circulation through XRP’s supply inflation method. In this context, 100 million XRP were sent from “Ripple (1)” to the unknown address “rJqiM…La8nE” on September 11. Two hours lat...