Ripple Releases 1 Billion XRP from Escrow at Start of October
On the first day of October, Ripple released a total of one billion XRP tokens from escrow in four separate transactions. Whale Alert reported that these included amounts totaling $596 million to $148.9 million each based on current valuations. This monthly release is part of Ripple's established routine at the start of every month. Historically, most of the released XRP tokens are quickly re-locked into new escrow contracts before entering circulation. Whale Alert noted that 300 million XRP was already returned to escrow shortly after Thursday’s unlock, following a typical pattern where Ripple sends back around 700–800 million XRP each month. According to data from XRPScan, approximately 31.8% of the total supply remains in escrow while circulating supply stands at about 68.1 billion out of a maximum cap of 100 billion tokens.
Tickers: $XRP
Topics: escrow release Ripple supply dynamics XRP