Are Busy Days Beginning at Ripple?

Ripple (XRP), a product closely followed by crypto money investors, continues to be suppressed for the last 1 year due to the declines of the leading cryptocurrency Bitcoin (BTC). XRP, which has gone through a difficult process, still has not recovered. Ripple (XRP) cannot make new rises as it is in lawsuit with the US Securities and Exchange Commission (SEC), as well as Bitcoin’s declines.

On the other hand, on the first day of the year, exactly 900 million XRP tokens were unlocked. While such events were considered commonplace for many in the XRP community, there was a surprise this time around.

Previously, in XRP unlocks, these wallet addresses were defined as Ripple reserves, but this time Whale Alert identified these openings as unknown wallets. Bithomp, which has been defined as a long-time and user-friendly XRP Ledger explorer, defined these wallet addresses as Ripple reserves.

Unlocked XRPs were not sent to exchanges or other ODL sites. The fact that Ripple makes this move on a regular basis every month now suppresses the XRP price. These XRPs, which are used to develop the ecosystem and conduct some major tests, cause Ripple to face selling pressure.

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