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Will Ripple hold November’s $90M XRP unlock leftover?

Will Ripple hold November’s $90M XRP unlock leftover?

Every month, the circulating supply of the XRP Ledger (XRP) inflates as Ripple unlocks and sells its vested reserves. In November, the company unlocked 1 billion XRP ($650 million) and kept 200 million tokens ($130 million) for its expenses.

Interestingly, this is the first month since August that Ripple has broken an observed pattern of spending its unlocked XRPs in weekly batches. As of November 16, it has been 10 days since the company’s last sell-off of 60 million XRP ($39 million).

Ripple (1) transaction history – November. Source: XRP Scan

In particular, Ripple is holding the remaining 140 million XRP ($91 million) in its identified crypto wallet address “Ripple (1)”.

Notably, this is the account used to receive the unlocked tokens from the inflation escrows. Ripple then distributes XRP amounts to unknown addresses that are routed to crypto exchange accounts.

Ripple breaks a pattern of XRP spending and raises questions

In October, Ripple kept 200 million XRP from the monthly unlock and spent it in four batches of 60 million, 75 million, 70 million, and 50 million. These batches were spent within an interval of approximately seven days on October 9, 16, 24, and 31.

Ripple (1) transaction history – October. Source: XRP Scan

A similar pattern was seen in September. Ripple spent its XRPs in four batches on September 11, 18, 22, and 30. Each had a respective size of 100 million, 75 million, 50 million, and 75 million tokens. Interestingly, the company spent more than the unlocked and kept amount. A leftover from previous months.

Ripple (1) transaction history – September. Source: XRP Scan

However, August was different from the last two recent months. Ripple spent a total of 325 million XRP, despite unlocking the same 200 million. August payments were made in three batches with a longer-than-7-day interval.

Ripple (1) transaction history – August. Source: XRP Scan

How much XRP will Ripple sell in November?

The last few months offered a higher predictability of the token’s inflation for XRP investors. Essentially, it allowed them to plan and prepare for Ripple’s sell-offs. These sell-offs directly impact the XRP price and its holders’ wealth.

At this moment, “Ripple (1)” holds a balance of 306 million XRP ($200 million) that can be sold at any time. Out of this total, 140 million are the leftovers from November’s unlock.

In this context, the market is now wondering how much XRP Ripple will sell in the following days.

Also, unlabeled addresses previously used for the sell-offs, like the “rJqiM…La8nE”, have sent millions of tokens to exchanges in November. The sellings are happening under the radar of investors monitoring only the company’s labeled account, but they still create a meaningful supply pressure.

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