Ripple, the lead developer of the XRP Ledger, is planning to launch 1 billion XRP tokens on September 1st. This is part of the initial monthly token distribution schedule, which is often followed by a drop in Ripple’s price. The value of this release is $570 million at current prices, some of which will be sold in the coming days. XRPScan data shows that the two addresses will release a total of 1 billion Ripple in three transactions. Since May 2024, Ripple has been using these two accounts for monthly releases. Since the starting of 2024, Swell has sold over 2.02 billion Swell through its treasury account, esteemed at around $1.15 billion. Ripple investors should keep a close eye on Ripple’s sales activities, as they can have a significant impact on the token’s price.
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