Data: 1 billion XRP to be unlocked on Aug. 1, worth $609 million
Nearly $1.5 billion worth of cryptocurrencies are set to be unlocked in August, with the 1 billion XRP (worth $609 million at current prices) to be unlocked on August 1 making up a large portion of the total number of unlockings.
Ripple has been unlocking 1 billion XRP on the first day of every month since 2017. it uses two main wallets, Ripple (24) and Ripple (25), to evenly distribute the unlocked tokens each month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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