AI · Bitcoinist
XRP Supply in Focus as Ripple Unlocks $1.25 Billion in Tokens
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Each transaction was valued at approximately $626.4 million, bringing the total value of the release to around $1.25 billion.
Key facts
- Each transaction was valued at approximately $626.4 million, bringing the total value of the release to around $1.25 billion
- XRP was trading near $1.25 on November 1, according to market data cited in the original report
- Ripple established its escrow program in 2017, locking 55 billion XRP into time-restricted accounts to manage the distribution of its token supply
- Previous releases have seen approximately 700 million XRP returned to escrow, leaving around 300 million outside the escrow system
Summary
Ripple’s xrp supply is in focus as it has released 1 billion XRP from escrow in its first scheduled unlock of November, worth approximately $1.25 billion. The actual impact on circulating supply will depend on how many tokens the company returns to escrow. Ripple carried out its latest monthly XRP release on November 1, splitting the unlock into two transactions of 500 million tokens each, according to blockchain tracking service Whale Alert. The unlock follows Ripple’s established distribution schedule, introduced to make XRP supply management more predictable.