Ripple Prepares to Unlock 1 Billion XRP on January 1, 2025: What Are You Expecting?

On January 1, 2025, Ripple will unlock over 2 billion XRP dollars from the XRP Ledger blockchain reserve system. These tokens will be released to the market in three transactions of 200 million, 300 million, and 500 million XRP. The clock for the three escrow accounts will start ticking in the first minutes of 2025, releasing 1 billion XRP tokens out of the 57.2 billion tokens currently in circulation. The release in January accounts for 2.63% of the total 38 billion XRP still locked in Ripple's escrow accounts. Specifically, Ripple (24)'s address will unlock 200 and 300 million XRP locked in escrow accounts on December 1, 2024, and January 1, 2021, respectively. Then, Ripple (25) will release 500 million XRP locked on January 1, 2021. These will be the final transactions from Ripple (24) and (25), although there are many other escrow accounts controlled and held by Ripple's other addresses. Unlike Bitcoin and Ethereum, which create new tokens 'on the fly' as a reward for miners/validators securing the blockchain, Ripple pre-mined the entire supply of 100 billion XRP when the network was launched. In 2017, 55 billion XRP were locked up in an encrypted escrow system to release 1 billion XRP every month for gradual and controlled distribution. Unlocking according to schedule allows Ripple to fund its activities, invest in ecosystem development, and provide liquidity for its payment solutions. Although the actual amount of XRP entering circulation monthly is often less than 1 billion due to the company locking a portion of the tokens into a new escrow, this still creates a significant selling pressure. With Ripple currently trading at $2 being desired, it is still a question whether XRP will witness an increasing demand to sustain the current price. However, the promise of the upcoming altcoin season brings about cautious optimism. DYOR! #Write2Win #Write&Earn $XRP (XRPUSDT)