On September 1st, one billion XRP was released from Ripple’s escrow mechanism, which the parent firm has been using to issue fresh coins into circulation since 2017.
However, as is the case every month, Ripple locked up the majority of September’s tokens and will release them into circulation whenever they see fit.
Eight hundred million XRP ($400 million) were re-locked in two separate escrows, representing 80% of the available sum. The remaining 200 million XRP are worth around $100 million and may be used by Ripple at any time, which might have a temporary effect on the token’s price.
The 1 billion XRP was released in four separate transactions, as shown by information obtained by Finbold from the Whale Alert (@whale_alert) account on X and via XRP Scan.
Ripple 22 transferred $200,000,000 to Ripple 1, where it may still be spent. The $300,000,000 that Ripple 22 gave to Ripple 10 is now in an escrow that is set to expire in February of 2027.
The whole unlocked sum of 500,000,000 was transferred from Ripple 23 to Ripple 11, where it will sit in a new escrow until January 2027.
At the same moment, XRP is now trading at press time for $0.50. Losses of 1.7% were recorded after the 1 billion token unlock on September 1.
One XRP, the fifth biggest cryptocurrency by market capitalization with a circulating supply of about 52.977 billion XRP, would be valued close to $2.48 if it achieves its all-time high market cap, demonstrating the potential price impact of the token unlocks. Which is 27% lower than XRP’s 2018 USD record high price.
Curiously, 0.37 percent of all XRP in circulation is being created this month, or 200 million new tokens. Inflation for XRP holders would be roughly 4.4% per year if Ripple held the same amount each month.
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