Ripple, a leading cryptocurrency payments company, has unlocked another 1 billion XRP tokens from its escrow accounts, reducing its escrow balance to below 40 billion XRP. This release, tracked by Whale Alert, was executed via three transactions totaling approximately $610 million.
Monthly XRP Unlocks: A Strategic Move
Since December 2017, Ripple has systematically released 1 billion XRP monthly to stabilize the XRP market. Despite these unlocks, XRP’s market cap has surged by $5 billion** since October 2023, currently ranking fifth globally with a **$32.8 billion valuation.
Key Highlights:
- Escrow Balance: Now at 39.9 billion XRP.
- Q3 2023 Performance: XRP closed the quarter with a $27.8 billion market cap.
- Market Stability: Monthly releases aim to prevent supply shocks.
Controversy Surrounding Ripple’s Escrow System
Critics, like Jerry Hall, accuse Ripple of suppressing XRP’s price through market sales, using proceeds to fund operations without adequately rewarding XRP holders.
FAQ Section
Q1: Why does Ripple unlock 1 billion XRP monthly?
A1: To ensure market stability by gradually releasing tokens, avoiding sudden supply floods.
Q2: How does XRP’s price react to these unlocks?
A2: Despite monthly unlocks, XRP’s market cap has grown, indicating strong demand.
Q3: What’s next for Ripple’s escrowed tokens?
A3: Ripple may relock portions or strategically deploy them, influencing market liquidity.
The Future of Ripple’s Strategy
With 39.9 billion XRP remaining in escrow, the crypto community watches closely: Will Ripple replenish its reserves or increase market circulation?
👉 Explore the latest trends in XRP’s market performance
Keywords: Ripple, XRP, escrow balance, cryptocurrency, market cap, Whale Alert, token unlock, blockchain
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