Ripple Locks 400 Million XRPs in Escrow, Following Unusual Pattern
2025-07-02 06:13:35
Main Idea
Ripple locked 400 million XRP in escrow following an unusual pattern of escrow unlocks and relocations, with 300 million XRP likely designated for ODL, ETPs, and other strategic needs.
Key Points
1. 400 million XRP tokens ($869 million) were locked in escrow, following the unlocking of 500 million XRP ($1.088 billion) in two transactions (300 million and 200 million XRP).
2. The 300 million XRP transfer is likely intended for on-demand liquidity (ODL), exchange-traded products (ETPs), and other strategic uses.
3. Ripple has traditionally released 1 billion tokens from escrow since late 2017, but in March, it created new escrows from its own holdings instead of unlocked tokens, which was unusual.
4. A third escrow unlock of 300 million XRP was identified earlier in the day, continuing the atypical pattern.
5. Ripple holds up to 5 billion XRP, as stated in its last market report.
Description
300 million XRPs will likely be used by the enterprise blockchain company for ODL, ETPs, and other needs
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