Ripple, the blockchain company behind XRP, has unlocked 1 billion XRP tokens from its escrow system as part of its monthly scheduled release. This move aims to maintain market stability and support the growing XRP ecosystem.
Ripple’s Monthly Unlock of 1 Billion XRP Tokens
On June 1, Ripple executed three transactions to release the tokens, as tracked by on-chain analytics firm Whale Alert:
- 300 million XRP ($154.58 million)
- 200 million XRP ($103.19 million)
- 500 million XRP ($257.99 million)
These unlocks align with Ripple’s 55-month escrow plan, initiated in 2017 to ensure predictable token supply and market stability.
How Ripple’s Escrow System Works
Ripple’s escrow system locks 55 billion XRP (55% of total supply) in monthly increments of 1 billion XRP. Key features:
- Predictability: Enforced by ledger consensus, tokens release automatically at scheduled times.
- Stability: Unused tokens return to escrow, extending the unlock runway.
- Ecosystem Support: Funds are allocated to meet investor demand and development needs.
👉 Learn more about XRP’s market mechanics
XRP Price Performance
Despite the unlock, XRP’s price remained stable at $0.5080 (+0.1% in 24 hours). Recent trends show:
- 15% weekly gain (CoinMarketCap data).
- 22% surge in 19 days, driven by heightened network activity and crowd optimism (Santiment).
- Social volume and address activity hit historic highs, likely tied to anticipation of Ripple’s SEC lawsuit outcome.
FAQ
Why does Ripple unlock XRP monthly?
To ensure supply predictability and avoid market flooding, per its 2017 escrow plan.
Does unlocking XRP affect its price?
Historically, no. Ripple’s controlled release mechanism minimizes volatility.
What happens to unused unlocked XRP?
Tokens are returned to escrow for future scheduled releases.
👉 Explore XRP trading strategies
Note: Ripple’s escrow system remains a cornerstone of XRP’s long-term market strategy, balancing supply control with ecosystem growth.
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