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Ripple, one of the major XRP sellers, uses its monthly unlocked reserves to fund its operations and team members. By December 21, the company had already dumped 240 million XRP ($148.8 million). This was 40 million tokens more than this month’s unlocked and held amount, suggesting Ripple is liquidating its reserves. Notably, the remittance network’s sell-off continue s as the company spent another 70 million XRP on December 27. The total spent this month surpasses $192.2 million worth of XRPs, and there are still million s of dollars left in its reserves. As developed, Ripple sent the 200 million XRP to its reserves on December 1. Further, the payment protocol made two transactions of 60 million tokens each on December 6 and 12 and a 120 million XRP payment on December 20. ‘Ripple (1)’ transactions historic. Source: XRP Scan Ripple’s monthly dumps and what is left in its reserves Cryptocurrency Top altcoins to watch in the crypto market in 2024 ...

After considerable gains , amid which Bitcoin (BTC) reached a high of $44,000, a recent trend might show that further investor and institutional support might be needed for BTC’s price to continue upward. The Bitcoin network has experienced a noticeable decline in growth in the last month, raising concerns about the viability of flagship crypto‘s recent surge to $44,000. To ensure a resilient extension of the bullish trend, it is important to observe an increase in creating new BTC addresses. This uptick is essential for supporting a continue d bullish momentum, per a post on X from crypto analyst Ali Martinez on December 18. Number of new Bitcoin addresses in the previous 3 months. Source: Ali Martinez The disparity between the addition of new addresses and the recent price surge of this digital asset indicates that further corrections might be a likely scenario in the near future. This trend could be reversed after the announcement of a potential BTC spot ETF, which could ...