Ripple to dump $690 million from January’s unlock, moves all 300 million XRP

Ripple moved all the 300 million XRP reserved for January’s budget in a single transaction, worth approximately $690 million. With that, the company sends a strong message to the market regarding what could be its dumping strategy for 2025.

On January 9, at 8:16 p.m. UTC, Ripple sent 300 million XRP from the ‘Ripple (1)’ account to the ‘rP4X2h(…)’ address. This is a selling pattern that repeats every month, as Finbold reported throughout 2024, used to Ripple’s monthly XRP dumps.

Since the transaction, ‘rP4X2h(…)’ has already moved 6 million XRP, still holding a 409.53 million XRP balance.

This unlabeled account on XRP Scan is the first to always receive Ripple’s tokens from each monthly escrow unlock, used as an intermediary that further distributes the unlocked XRPs until they reach centralized exchange addresses.

rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3 account summary. Source: XRP Scan

XRP price analysis as Ripple dumps hundreds of millions

As of this writing, XRP is trading at $2.30, making the 300 million token dump worth $690 million. XRP’s price is down 4.52% in a week, recording a losing performance month- and year-to-date, amid increasing selling pressure.

Nevertheless, Ripple’s flagship product has had an impressive 2024, surging around 360% from $0.50 to current prices, despite sales.

XRP one-week price chart on January 10. Source: Finbold

While Ripple did not disclose each of its dumps individually, the company has already disclosed an On-Demand Liquidity (ODL) model. Essentially selling at market price to willing customers, which diminishes the economic effects of gigantic potential supply walls.

These ODL sales originate from a 1 billion XRP unlock that happens monthly, as Finbold reported for January 1. After unlocking, Ripple reserves an arbitrary amount for the month’s budget, re-locking the remaining hundreds of millions of tokens.

Interestingly, the first month of 2025 saw an unusually high reserve of 300 million XRP, considering the company often reserves 200 million tokens. As an exception to the pattern, the company reserved 470 million XRP in November 2024, causing concerns to surprised investors.

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