Ripple has released 400 million XRP from escrow, valued at approximately $547 million at the time of the unlock. The move follows Ripple's standard monthly escrow release schedule, under which tokens are unlocked and any unsold portion is typically re-locked into new escrow tranches.
Large escrow releases are a recurring feature of XRP's supply mechanics and don't automatically translate into sell pressure — Ripple has historically re-escrowed the majority of each tranche. Markets will be watching whether any material portion enters circulation in the near term.
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🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 400,000,000 $XRP (547,022,927 USD) unlocked at #Ripple
https://t.co/se2lZVrz0a
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