XRP Drops $2 After Ripple Unlocks 500M Tokens
XRP tumbled after Whale Alert reported a 500 million token movement tied to Ripple’s routine monthly transfers on the XRP Ledger. The sell-off pushed prices down about $2 as traders questioned whether the transfer was purely operational or a precursor to increased selling, especially given the size of the release.
The unlock ramps up circulating supply risk in the near term and can amplify volatility if large portions move to exchanges. Traders and analysts will be tracking exchange inflows, order-book depth, and subsequent on-chain movements to assess whether this transfer translates into sustained sell pressure. Short-term holders and market makers are likely to watch the next unlock closely for signals on distribution and pricing impact.