Ripple, on February 1, 2025 will open the lock of 1 billion XRP will be launched. At current prices, the total value of this amount is $ 3.14 billion. As in the previous months, the company will sell a certain part of this amount, the rest will lock the rest for the future years.
Ripple continues to open a lock
When the XRP was released in 2012, 80 billion of the total supply was kept under the control of Ripple. In 2017, the company started to manage 55 billion XRP with a locking system and every month It opens the lock of 1 billion xrp programmed.
The aim of this system is to prevent XRP from experiencing sudden price drops due to excessive supply. Every month, a certain amount of XRP is offered for sale, while the remaining tokens are placed in newly locked accounts and waiting for the market to be released in the following years.
XRP lock opening and distribution details for February
This month’s lock opening process is the first time Ripple (26) and Ripple (27)It will take place from wallets labeled. In previous months Ripple (24) and Ripple (25)Openings from accounts now continue from different addresses.
- Ripple (26)wallet 400 million xrp and 100 million xrpwill open two separate locks.
- Ripple (27)Wallet 500 million xrpHe’il open his lock.
Looking at the previous data, the company It can offer approximately 200 to 470 million of 1 billion XRP on the market. For example, the company in January He sold 300 million XRP and distributed it to the market.For this reason, it is not known how much will be sold after this month’s angle and how much will be locked again.
XRP Price Analysis and Market Expectations
XRP, now Traded at $ 3,14And since the lock opening process in January, it has gained 45.44 %. Increased demand, despite Ripple’s market sales, the XRP price increased.
However, In order to maintain the price trend of the price, the demand for corporate and individual investors must continue. Investor’s interest will be a critical factor, as Ripple regularly launches the XRP in high amounts and can create supply pressure.
