The crypto money industry and the whole world entered the year 2022 as of last night.
Although the crypto money industry has experienced an incredible change in 2021, the expectations for 2022 are not in the same direction.
While investors expect a lot of change in 2022, at least Ripple showed from the first day that there would not be much change regarding his own procedures.
1 Billion XRP Unlocked
According to the information conveyed by Whale Alert, Ripple puts its hand in its pocket as soon as the new year is entered. 1 billion XRPunlocked the .
Unlocking 1 billion XRP on the first day of every month, Ripple has been doing this since 2017.
The plan was initially phased out. 55 billion XRPwas to carry the ‘ from his escrow wallet. These monthly transfers are also expected to be completed this year.
As per the rules and procedures, Ripple puts 800 or 900 million XRP back into their escrow wallets and uses the rest for their own expenses and sends it to their customers and partners.
In addition, it is known that XRP is sent to exchanges for liquidity.
Looking at the data, Ripple’s 850 million XRPIt is seen that he sent back the .
In addition, on 31 December 177 million XRP It was also sent to Bitstamp cryptocurrency exchange by Ripple itself.
These heavy transfers from Ripple caused XRP to be painted red within 24 hours, and the price is still trading below $ 0.85. The new year has definitely started badly for XRP.
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (417,570,359 USD) unlocked from escrow at Ripple Escrow wallethttps://t.co/wljaKqtDSV
— Whale Alert (@whale_alert) January 1, 2022
This move of Ripple is known as the factor that most negatively affects the XRP price, as it is considered by many as “printing coins on their own head” and increases the supply amount.