The latest release is part of a series of planned unlocks that Ripple has been executing to maintain supply and liquidity in the market. The allocation for December involved distributing portions of the unlocked XRP to different wallets. For instance, Ripple (11) received escrowed funds that are due in April and May 2027, while Ripple (10) re-escrowed a significant amount for May 2027.
Investors and market watchers pay close attention to these monthly releases as they provide insights into potential trading volume changes and market behavior. The unlocks are seen as having a substantial impact on supply inflation and could influence market price actions.
Ripple has outlined future plans for similar unlocks from wallets such as Ripple (22) and Ripple (23), which will see an additional 3 billion XRP released into the market by March 2024. These continued releases are anticipated to contribute significantly to the ongoing supply inflation.
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Source: Cryptocurrency - investing.com
