$217 Million Worth of Transactions from Ripple: How Will the XRP Price Be Affected?

Ripple attracted attention with $217 million worth of transactions.
Accordingly, 400 million XRP tokens have been unlocked.
While 1 billion XRP are unlocked every month, the reason for this process is unknown.
Important developments continue to take place in the cryptocurrency market, which are closely related to investors. Ripple made a notable transaction on Feb. 25 that attracted a lot of attention from the community. Whale Alert informed its followers that around 400 million XRP tokens worth around $217 million have been launched. This massive transaction sparked curiosity among the community due to its unusual timing and the enigmatic note that accompanied it.
What's Happening on the XRP Front?
Many in the XRP community were surprised by this unexpected unlocking, noting that Ripple deviated from its typical schedule. Ripple traditionally removes around 1 billion XRP tokens from its custodial wallet on the first day of each month, and this practice is seen as an integral part of its operational framework. However, in February, only half a billion XRP tokens were placed in escrow, so several community members began to speculate and come up with different theories about the nature of the transactions.
Ripple's unlocking of XRP tokens provides transparency and predictability in XRP's supply chain, limiting the market's exposure to a predetermined volume of tokens at any given time. By implementing this strategy, Ripple aims to reduce the risks of market manipulation and maintain stability in the valuation of XRP.
Still, the transaction had little impact on XRP's price. The crypto asset fell a modest 0.03% over the past day to $0.5443 at the time of writing. XRP is the sixth-largest crypto project with a market cap of $29.7 billion.
Ripple and Satoshi Nakamoto
The email correspondence revealed conversations between Satoshi Nakamoto, the creator of Bitcoin, and Martti Malmi, one of the early contributors to Bitcoin, revealing Nakamoto's admiration for the Ripple project. Originally conceived in 2004 by web developer Ryan Fugger as RipplePay, Ripple was intended to pioneer decentralized cryptocurrency systems before the advent of Bitcoin.
In their conversation, Malmi broached the topic of Ripple and acknowledged its potential as a groundbreaking startup. Nakamoto stated that Ripple's new approach to distributing trust to its network sets it apart from its centralized counterparts, and commented on the subject as follows:
"Ripple is interesting in that it's the only other system that does anything other than concentrate trust on a central server."
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