🗞️ Ripple will unlock 1 billion XRP tokens on July 1st, worth $470 million, potentially negatively impacting XRP’s price. The company has been unlocking tokens monthly since 2017. 

In June, 1 billion XRP were unlocked, with 200 million sold and the rest re-locked. Ripple’s sales exert pressure on XRP’s price, often causing local declines. In 2024, XRP showed negative performance in four out of the first six months.

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Ripple’s network of banking partners has continued to grow as the blockchain expands its global reach and influence. Moreover, the number of potential partners is expected to increase as Ripple Labs tries to move forward from its lengthy legal battle with the U.S. Securities and Exchange Commission (SEC).

The following banks are confirmed to have been working with Ripple:

Santander (USA)
Canadian Imperial Bank of Commerce (Canada)
Kotak Mahindra Bank (India)
Itaú Unibanco (Brazil)
IndusInd (India)
InstaReM (Singapore)
BeeTech (Brazil)
Zip Remit (Canada)
LianLian (China)
RAKBANK (U.A.E.)
IFX (U.K.)
TransferGo (U.K.)
Currencies Direct (U.K.)
Airwallex (Australia)
SEB (Sweden) 
SBI Remit (Japan)
Siam Commercial Bank (Thailand)
Krungsri (Thailand)

More than 100financial institutions have joined RippleNet 😆

XRP is a real dinosaurs😅 😁  Their unlocks will never stop🤣