Just In: Ripple 24 Receives Two Unlocks Of 500M XRP

The post Just In: Ripple 24 Receives Two Unlocks Of 500M XRP appeared first on Coinpedia Fintech News

In a latest development, “Ripple 24”, which is marked as the official address of Ripple by xrpscan, has received two unlocks of 500 million XRP in total on December 1, worth more than US$970 million. On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger. On December 1, the company will unlock $1.60 billion worth of tokens. December 2024’s unlock accounts for 1.75% of the current 56.99 billion circulating supply. XRP is currently trading at $1.93, up over 3% in the past 24 hours.