Ripple unlocked 1 billion $XRP held in escrow accounts at the start of October. The transaction, worth approximately $1.49 billion, was carried out in four separate transfers. According to on-chain data, the unlocked amounts were recorded as 400 million, 300 million, 200 million, and 100 million $XRP.
This process is part of Ripple’s monthly escrow system, designed to manage the $XRP supply in a predictable manner. It doesn’t mean all of the 1 billion $XRP that was unlocked has been sent to exchanges or sold on the market. Ripple typically locks a significant portion of unused tokens back into escrow accounts.
The actual supply pressure that may occur on $XRP will depend on the net amount released after Ripple relocks its tokens.
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In recent months, similar transactions have been closely monitored by the market, and it has been observed that the short-term price impact stems not only from the key opening but also from subsequent transfers to exchanges.
Following this development, the price of $XRP saw a 2% drop today.
*This is not investment advice.