Ripple unlocks 1B XRP as escrow falls to 31.28B

Ripple unlocked 1 billion XRP on Sept. 1 through three transactions involving 500 million, 400 million and 100 million tokens. Summary Ripple released one billion XRP through three escrow transactions on September 1, blockchain data showed. The releases comprised 500 million, 400 million, and 100 million XRP from Ripple-controlled escrow accounts. Approximately 31.28 billion XRP remained locked afterward, according to a tracker reading active on-ledger escrows. An escrow unlock makes XRP available to Ripple but does not prove any market sale. Ripple historically re-escrows unused tokens, but September’s returned amount was not yet independently confirmed publicly. Blockchain monitoring account Whale Alert reported the transfers from Ripple-controlled escrow accounts. The release formed part of Ripple’s programmed monthly XRP escrow schedule. It did not show that the company sold the tokens or transferred the entire amount to exchanges. The XRP became available to Ripple after the underlying time locks expired. Ripple’s XRP unlock leaves 31.28B in escrow Approximately 31.28 billion XRP remained inside active on-ledger escrow objects after the September release, according to an indep...