Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Ripple could soon dump over 96 million XRP.
ADOPTION NEWS

Ripple could soon dump over 96 million XRP.

By Crypto FlexsDecember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple could soon dump over 96 million XRP.
Share
Facebook Twitter LinkedIn Pinterest Email

In December 2023, Ripple (XRP) executed a significant transaction involving the XRP token. The company spent 240 million XRP, worth approximately $148.8 million, to strategically manage escrow reserves. This move left 96.34 million XRP labeled “Ripple (1)” in Ripple’s main spending wallet, which aims to stabilize the XRP market, with an estimated value of $59.73 million.

Ripple’s systematic management of its XRP reserves is part of a broader strategy to stabilize the cryptocurrency market. The company operates under a well-defined escrow system launched in December 2017 and is designed to issue 1 billion XRP per month. To maintain market stability, Ripple typically locks 80% of these tokens back into escrow and transfers most of the remaining 20% ​​to its primary wallet. This approach aims to balance XRP token circulation while mitigating the risk of market oversupply.​​​

Certain transactions performed by Ripple in December 2023 were executed in three separate batches. On December 1, Ripple received 200 million XRP from a wallet labeled “Ripple (22)”. Accordingly, the company distributed 60 million XRP on December 6, 60 million XRP on December 12, and 120 million XRP on December 20. These transactions resulted in 240 million XRP being spent, reducing Ripple’s default wallet balance to 96.34 million XRP. ​​​​​​.

The aftermath of these transactions and Ripple’s remaining reserves will have significant implications for the XRP market. Ripple has the option to sell or keep the remaining 96.34 million XRP, but their actions are expected to be strategic to avoid negatively impacting the price of XRP. Additionally, with 40.7 billion XRP still locked in escrow, Ripple’s continued management of these reserves will continue to impact XRP market dynamics until at least 2027.

At the same time, XRP’s market performance recorded a significant reversal in December 2023. After five consecutive years of declines, XRP rose 5.18%, demonstrating market resilience and potential change.fall. These developments reflect XRP’s adaptability in volatile cryptocurrency markets and indicate that XRP’s market presence could be revitalized in the coming months.​​

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025

MultiBank Group Delivers Record H1 Results With $209M Revenue And MBG Token Driving 7X Returns Since Launch.

August 11, 2025

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025

Carv can be used for transactions!

August 10, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Floki and OnDo expand their profits as Robinhood Listing strengthens.

August 10, 2025

Vitalik Buterin regains the title of ‘Onchain Billionaire’, where ether reaches $ 4.2K.

August 10, 2025

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025

MultiBank Group Delivers Record H1 Results With $209M Revenue And MBG Token Driving 7X Returns Since Launch.

August 11, 2025
Most Popular

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

Fed Chairman Powell: “There is no ‘secret lab’ that could surprise the digital dollar.”

March 21, 2024

Cardano (ADA) Struggle -Is it still possible?

March 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.