Ripple news: 1 billion XRP unlocked as price holds near $1.25

Ripple has released 1 billion XRP from escrow on November 1 through two transactions worth roughly $624 million each, drawing attention on social media despite following the company’s established monthly schedule. Summary Ripple released 1 billion XRP on November 1 through two scheduled transactions of 500 million XRP each. Blockchain trackers identified both transfers as routine monthly escrow releases, despite social media claims of unusual activity. Ripple re-locked 700 million XRP in October, following its established practice of returning unused tokens to escrow. No November re-lock transactions had been confirmed in the initial reports, leaving the month’s net release unsettled. XRP traded near $1.25, up 0.08% over 24 hours, despite the attention surrounding the transactions. According to blockchain trackers KKapon and XRP Live, each transaction released 500 million XRP into Ripple-controlled wallets. The transfers were completed at approximately 00:00:02 UTC, with the tokens moving out of existing escrow contracts. Meanwhile, the November transactions involved two Ripple escrow wallets, commonly identified by trackers as Ripple 10 and Ripple 11. Each received 500 million XRP...