Hey there! 🚨 Let's break down the Ripple $XRP unlock news:
CryptoPotato
Updated at: 5 hours ago
{"content":"Hey there! 🚨 Let's break down the Ripple $XRP unlock news:
*What's happening?*
- 1 billion XRP tokens are being unlocked on June 1, worth around $2.3 billion.
- Most of these tokens will likely be locked back up by June 17.
*Potential impact:*
- *Price swings*: The unlock could cause volatility in XRP's price.
- *Historical context*: Past unlocks have seen tokens locked back up after a brief period.
*Ripple's strategy:*
- *Sell small, sell smart*: Ripple tends to sell tokens in small amounts during strong markets.
*Current market:*
- *Price*: XRP dipped to $2.32 but still shows a 10% increase in the last 30 days.
- *Volatility ahead*: June could bring opportunities or a shakeout.
*Key factors to watch:*
- *SEC spot ETF verdict*: Rising tension around the verdict could impact XRP's price.
Let's keep an eye on how this unfolds! 💡 ¹
#MerlinTradingCompetition #GENIUSAct #BinanceAlphaAlert #MyEOSTrade ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/20/b1f071c9f60543e38c9c8a9b070c3d3c.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}