Ripple CEO on XRP Escrow: Historic Tweet Marks Eight Years

Key Points

1. In 2017, Ripple announced locking up XRP in escrow, releasing up to one billion tokens per month to manage supply predictability.

2. XRP's maximum supply is 100,000,000,000 XRP, with 64,363,269,902 XRP currently circulating and 14,164,380 XRP burned.

3. XRP burns occur natively via transaction fees on the XRP Ledger to prevent spam and improve network efficiency.

4. Ripple CEO Brad Garlinghouse emphasized that the escrow mechanism ensures trusted and healthy XRP markets.

5. At press time, XRP was trading at $3.11, having reached a high of $3.66 on August 12, 2025.