Altcoin News Official TheBitTimes.com

Ripple’s escrow program, set in motion in 2017, sees up to 1 billion XRP unlocked on the first day of each month, with unused tokens typically re-escrowed.  Today, September 1, is no exception, with Ripple unlocking around $2.76 billion worth of the cryptocurrency (approximately 1.68% of the total supply). However, if the historical pattern continues, we’ll most likely see around 700 million tokens re-escrowed, meaning the effective net addition will be closer to 300 million XRP, valued near $861 million (some 0.50% of the supply). Ripple September XRP unlock August marked a rare deviation in Ripple’s escrow schedule when the standard 1 billion XRP release failed to appear on-chain. The uncertainty ended on August 9, when three separate escrow releases (500 million, 100 million, and 400 million XRP) were executed in quick succession and flagged by Whale Alert. In anticipation of the September release, the market was speculating whether the government mi...

Over $1 billion in token unlocks will hit the cryptocurrency market starting on Monday, May 20. This could result in a massive sell-off event, mainly affecting Pyth Network (PYTH) and Avalanche (AVAX) investors. Previously, Finbold reported that May would see over $4 billion in token unlocks from multiple projects. Last week, Aevo (AEVO) unlocked $1 billion, which we featured as a cryptocurrency to avoid trading due to this inflation. Now, in the next seven days, the market will see $1.27 billion worth of token unlocks from six cryptocurrencies. PYTH dominates the seven-day overall inflation with $905.72 million worth of unlock, inflating its supply by 141.7%.  Picks for you Here's when Bitcoin (BTC) will hit $100k 29 mins ago Cardano whale activity up 10x; Will ADA break the $1 barrier? 1 hour ago Bitcoin whale trader turns bullish, stacks $175 million BTC in May 2 hours ago Is the recession here? U.S. delinquency rate surges to highest level in 14 y...