Ripple Unlocks 1 Billion XRP as Monthly Escrow Release Proceeds
Ripple executed its monthly escrow release, unlocking 1 billion XRP valued at around $1.08 billion in three transactions.
This is part of Ripple's monthly supply management program initiated in 2017, where up to 1 billion XRP is unlocked each month, though most tokens are typically returned to escrow.
After the release, XRP's circulating supply is about 62.5 billion, with over 32 billion still locked.