Ripple Locks 700 Million XRP (Worth over $2.08 Billion) Back into Escrow
Main Idea
Ripple locked 700 million XRP (worth over $2.08 billion) back into escrow on August 2, 2025, as part of its supply management strategy to stabilize XRP's market performance.
Key Points
1. Ripple executed two transactions, locking 500 million and 200 million XRP into escrow minutes apart on August 2, 2025.
2. The escrow system, introduced in 2017, initially placed 55 billion XRP into time-locked contracts, with up to 1 billion XRP released monthly to manage supply.
3. At the time of the escrow activity, XRP was trading just below $3, a crucial support level, with some analysts suggesting the escrow locks could help stabilize its price.
4. The escrow system is designed to prevent oversupply and protect XRP's market value, though the immediate market reaction remained muted.
Description
In the early hours of August 2, Ripple executed a pair of major transactions, collectively locking 700 million XRP, worth more than $2.08 billion, back into escrow. These movements, totaling 500 million and 200 million XRP, respectively, were publicly identified via blockchain monitoring platforms and later shared by crypto analyst Xaif (@Xaif_Crypto) on X. The transactions took place just minutes apart, with the 500 million XRP lock occurring at 05:44 UTC and the 200 million XRP lock registered...
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