Ripple Unlocks 1 Billion XRP on September 1: Massive Dump Coming?

Ripple is set to unlock 1 billion XRP from its escrow wallet on September 1, raising fears of a major sell-off. However, crypto trader Kamilah Stevenson says the full 1 billion XRP is unlikely to enter circulation at once. 

But the key question is whether this additional supply of XRP could crash the XRP price

Ripple’s 1 Billion XRP Monthly Unlock

Ripple unlocks 1 billion XRP on the first day of every month through an escrow system created in 2017. At the time, the company locked 55 billion XRP in 55 separate escrow contracts, with each holding 1 billion XRP.

But Ripple does not simply sell the full 1 billion XRP after each unlock.

https://coinpedia.org/news/ripple-unlocks-1-billion-xrp-on-september-1-massive-dump-coming/

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