Ripple Locks 400 Million XRPs in Escrow, Following Unusual Pattern

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.