Ripple re-locks 700 million XRP in May, calming market fears
Summary: ⚈ Ripple re-locked 700 million XRP on May 1, easing sell-off concerns. ⚈ No new XRP is entering circulation for May, helping stabilize the price. ⚈ XRP lags behind Bitcoin, rising only 4.25% in the past 30 days. Ripple Labs’ completed its scheduled monthly rebalancing on May 1, moving 1 billion XRP and relocking a significant portion of the tokens back into escrow. The digital assets company, per its usual pattern, was scheduled to unleash 1 billion tokens worth approximately $2.2 billion from two wallets, Ripple (26) and Ripple (27). In a reassuring sign for investors, no new XRP will be released into circulation for May 2025 (if things stay as they are), helping to limit selling pressure. As part of its standard rebalancing, Ripple distributed the 1 billion XRP across six addresses, according to the data Finbold retrieved from XRPScan on May 2, the Ripple (26) contained two escrows set to unlock with 200 million and 300 million XRP, while Ripple a...