Ripple Token Unlock Scheduled for October 1: Implications for XRP
Ripple Token Unlock: Implications for Investors
On October 1, Ripple will unlock 1 billion XRP tokens, adding to the circulating supply and impacting the market. At the current price, this unlock represents a nominal value of $640 million. The unlocking process occurs as various monthly escrows reach their final distribution stage, and it is pivotal for market dynamics.
Market Reaction and Price Analysis
Historically, XRP has faced supply inflation with over 56.5 billion XRP released since its inception in 2012. This upcoming unlock could lead to significant selling events akin to previous months where Ripple has sold off substantial amounts of XRP.
- In September alone, Ripple unlocked 1 billion XRP, leading to sales of 2.376 billion XRP this year.
- As of recent reports, XRP is trading at $0.638, suggesting potential price fluctuations.
Experts suggest that XRP could reach $2 by 2025 if demand remains strong.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.