Ripple unlocks $1 billion XRP worth $2.5 billion; What next?
Blockchain firm Ripple has unlocked its scheduled XRP from escrow, a move likely to impact the token’s price. According to data from on-chain tracking platform Whale Alert , the company unlocked 1 billion XRP, valued at approximately $2.5 billion, as part of its long-standing monthly escrow routine on November 1. Shortly after the unlock, Ripple relocked 700 million XRP, worth about $1.75 billion, back into escrow through two separate transactions, one of 500 million XRP and another of 200 million XRP. XRP unlocks by Ripple. Source: Whale Alert Additionally, 500 million XRP was moved to unknown wallets, a step that typically precedes market-related operations such as institutional transfers or liquidity management. Notably, the XRP escrow system ensures transparency and predictability in supply, with Ripple releasing about 1 billion XRP each month for operations, partnerships, or liquidity purposes. Attention now shifts to whether XRP’s price will react to ...