Ripple unlocked 500 million XRP tokens from its escrow account on January 1, 2025, as part of its scheduled monthly release. The transaction occurred at 06:57 UTC, with the tokens valued at $1.07 billion.
However, a memo accompanying the transaction has garnered significant attention, referencing a politically important event that may have influenced the market.
The transaction was processed through Ripple’s “Ripple 25” wallet, temporarily holding 1 billion XRP before transferring 500 million tokens to the “Ripple 13” wallet, which was locked in escrow. Notably, this unlock represents only half of Ripple’s typical monthly release, with the remaining 500 million XRP expected to be unlocked later.
Also Read: Ripple’s Stuart Alderoty Outlines Principles for SEC Reform in 2025
Trump Inauguration Memo Boosts Market Sentiment
Adding intrigue to the transaction, the attached memo referenced January 20th, the date of President-elect Donald Trump’s inauguration. The message stated, “January 20th is around the corner, and with Trump in the White House, we are going to make crypto great again.”
This statement has fueled optimism within the XRP community, with many anticipating a favorable regulatory environment under Trump’s administration.
January 20 is a focal point for the United States. It is the day when Trump will take office and a new chairman for the SEC will emerge. These two key events are likely to be bullish for the crypto market.
Source: @Brett_Crypto_X
XRP Surges by 13.41% Following Escrow Unlock
The market has responded positively to Ripple’s escrow release and the accompanying message, with XRP’s price surging by 13.41% to $2.39 within 24 hours of the transaction, as per CoinMarketCap data.
This is a vast increase, which could be attributed to investors’ rising confidence level, possibly due to the expectation of possible adoption of Bitcoin and other cryptocurrencies under Trump’s presidency.
The sharp rise in XRP’s value highlights the broader impact of market sentiment on cryptocurrency prices. Ripple’s escrow releases are closely monitored due to their potential effect on liquidity and trading dynamics, and this month’s politically charged context has amplified investor interest.
Conclusion
Ripple’s latest escrow unlock, and the Trump inauguration memo have set a bullish tone for the start of 2025. XRP’s impressive 13.41% price increase to $2.39 reflects the market’s optimism, fueled by expectations of favorable policy changes.
As January 20th approaches, the community is closely monitoring developments that could further influence cryptocurrency markets.
Also Read: Sonic Foundation Announces Tokenomics Details and Final Airdrop Opportunity Ahead of Mainnet Launch
