Ripple to unlock 1 billion XRP tokens tomorrow
Ripple will release 1 billion XRP tokens from its monthly escrow tomorrow, continuing a long-standing program that parcels out pre-allocated tokens in scheduled tranches. As of press time, XRP trades at $2.85, with a 24-hour volume of $5.02 billion, up nearly 19%. The token commands a market capitalization of $172.88 billion, meaning the upcoming 1 billion unlock carries a notional value of roughly $2.85 billion. XRP 1-day price chart. Source: Finbold That figure is more theatre than liquidity: it assumes every XRP token can be sold at once without moving the market, which is never how these unlocks work. Ripple escrow wallets The release will come from Ripple’s escrow wallets, a system introduced in 2017 to address long-running concerns about supply centralization. Ripple locked 55 billion XRP into a series of cryptographically secured accounts, programmed to release 1 billion XRP each month. Any unused portion is typically returned to escrow, extending the sc...