Ripple's $1.1 Billion XRP Unlock Looms as August Approaches

Ripple is preparing for its monthly XRP unlock on August 1, which could add over $1.1 billion to the circulating supply of the altcoin.

This predictable schedule has been in place since 2017, with Ripple unlocking 1 billion XRP from its escrow account on the first day of each month.

The release will temporarily inflate the token's circulating supply by 1.6%, although it's worth noting that Ripple often re-locks between 60% and 80% of the tokens to a new escrow contract, reducing the net monthly addition to just 300 million tokens.

This month could be different, however, as the company is likely to unlock all 1 billion XRP without re-locking them. This means that if history repeats itself, the circulating supply will only increase by about 0.48% instead of 1.6%.