Ripple unlocked 1 billion XRP tokens on June 1 as part of its scheduled monthly release, coinciding with a surge in institutional interest through American XRP ETFs, which recorded $118.29 million in net inflows in May. While the large token release could increase supply pressure, much of the unlocked XRP is often re-escrowed, limiting actual market impact. The growing ETF demand broadens XRP's investor base to include more regulated and institutional players, but the market remains cautious as price movements reflect uncertainty about whether demand can absorb the new supply. XRP's price stability in the coming weeks will be key to determining if institutional demand can offset the supply increase or if the market will focus on the unlocked tokens as a bearish signal.
XRP ETFs have seen steady inflows totaling $1.43 billion in May, even as XRP's price dropped 2.5%. Meanwhile, Bitcoin ETFs experienced outflows exceeding $4 billion over four weeks. Ripple expanded its USD-backed stablecoin RLUSD into Turkey through ...
SBI Holdings projects Ripple's IPO to take 12 years, causing mixed reactions in the XRP market despite a 376% surge in secondary shares. Shiba Inu (SHIB) faces a potential price squeeze due to a record low supply on exchanges and empty order books, p...
XRP has reached its 14th anniversary, maintaining its role as a fast, low-cost payment solution. Recently, whale activity on Binance has dropped to near-zero, signaling reduced large-holder movements and potential market stability. Historically, such...
Ripple is introducing its dollar-backed stablecoin RLUSD to the Turkish market through partnerships with local platforms BiLira, Bitexen, and Bitlo. RLUSD, launched in late 2024 and valued at about $1.7 billion, is targeted for payments, tokenization...
SWIFT, the traditional backbone of cross-border payments, faces challenges from blockchain networks like Ripple and Stellar that offer faster, cheaper, and near-instant transfers using digital assets XRP and XLM. Rather than being replaced, SWIFT is ...
