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Crypto Prune > News > Crypto > Altcoins > Ripple ends with speculation surrounding the unlocking of 1 billion XRP
Altcoins

Ripple ends with speculation surrounding the unlocking of 1 billion XRP

5 months ago 2 Min Read

Ripple recently unlocked 1 billion tokens (approximately $3.28 million at the time of transaction) from its escrow wallet.

The unlock was made in three transactions reported by the Whale Alert on August 9th.

The company typically uses released tokens to fund on-demand liquidity (ODL) use, partnerships, acquisitions, and various ecosystem developments.

Most of the XRP tokens released each month will be relocked to escrow. Ripple will use approximately 200-350 million tokens per month.

From January 2018 onwards, Ripple will typically unlock 1 billion tokens on the first day of the month. But earlier this year, it began to deviate from this standard practice. In March, the company moved from its holdings to create a new escrow and released the token at a later date. same pattern It was observed over the next few months.

There were a few earlier this week Speculation Unlocked in August within the XRP community. A total of 700 million tokens were locked at the beginning of the month, but the company did not release any new tokens from its escrow wallet.

Since Ripple’s escrow schedule was introduced in late 2017, we have assumed that August 2025 could be the first month without unlocking. I said On the X network.

There are still around 35.6 billion tokens, according to data provided by XRPSCAN, the leading blockchain explorer for XRP ledger

See also  USA Today features an article calling XRP "the smartest cryptocurrency to buy."
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