Ripple Unlocks 1 Billion XRP as Trump Adds It to US Crypto Reserve, XRP Saw 30% Gain
As part of the monthly issuance of 1 billion XRP tokens, Ripple unlocked another 1 billion XRP on March 3, and then relocked the 700 million XRP tokens to a custodial wallet.
This is after US President Donald Trump The society of truth announcement Featured cryptocurrencies including XRP were added to the new U.S. crypto strategic reserve. After this news, XRP is the third largest cryptocurrency with market capitalization, soaring 30% in one day to reach $150 billion.
Ripple unlocks 1 billion XRP
On March 3, the blockchain tracker Whale Alert reported that 1 billion XRP was released from Ripple’s escrow account, with multiple transactions worth about $2.6 billion. The first 500 million XRPs were sent two First batch of 100 millionand then the $400 million “RGKHD…2BDH”.
But, a few minutes later, another 500 million XRP Sent to the wallet “Rhgfm…sbqr”.
Ripple unlocks XRP every month, but this time, it has attracted more attention thanks to Trump’s announcement. Many believe that adding XRP to the U.S. crypto reserve reserve can attract more big investors and increase its prices.
Ripple locks 700 million XRP
Despite releasing 1 billion XRP, Ripple has not released it all into the market. Instead, 700 million tokens were locked back to hosting.
This is a crash:
The first wallet that received 500 million XRP but has not moved yet. Prior to that, it sent $300 million to another wallet on March 1 and locked in 200 million wallets.
The second wallet 500 million XRP The same number of people have been moved to another corrugated wallet, locking it in hosting.
If Ripple follows its usual monthly lock-up pattern, it could lock in another 100 million times, leaving only 200 million XRP.
XRP price recovered 30%
After these events, the price of XRP rose sharply, Climb 17%up to $2.60 so far. Its overall growth has reached 30% in the past 24 hours, pushing its market capitalization to $150 billion.
Technical analysis shows that XRP is now facing a $3 physiological resistance, reducing its rally. But if buyers go above this level, the next target could be its high price of $3.40 in January.
