Ripple has moved 700 million XRP back into escrow through two transactions, following its scheduled monthly release of 1 billion tokens. The re-lock leaves a net 300 million XRP outside the new escrow contracts, while XRP's price slips alongside a broader crypto sell-off.
Ripple has re-locked 700 million XRP into escrow after releasing 1 billion tokens through its scheduled monthly process. Blockchain tracker Whale Alert reported the transactions, showing 500 million and 200 million XRP returning to escrow following the earlier release.
Two transactions return 700 million XRP to escrow
According to Whale Alert, Ripple has locked 500 million XRP, valued near $680.2 million, back into escrow. A separate transaction placed another 200 million XRP, worth about $272 million, into escrow. XRPL transaction data shared by community validator Vet identifies two EscrowCreate transactions covering the same amounts.
The activity follows Ripple's regular monthly release of 1 billion XRP. That earlier unlock occurred through three transactions containing 500 million, 400 million, and 100 million tokens. Before the re-lock transactions, the release had reduced Ripple's remaining on-chain escrow balance to about 31.28 billion XRP, roughly 31.28% of XRP's original 100 billion token supply.
What happened to the remaining 300 million XRP
The transaction sequence leaves a net 300 million XRP outside the newly created escrow contracts. Vet described that amount as typical for Ripple's monthly escrow process and identified it in a Ripple-controlled wallet. Some social media reports have claimed Ripple re-locked the entire 1 billion XRP release, but the two XRPL transactions cited by Vet account for 700 million XRP.
Ripple has used its escrow system to manage scheduled XRP releases for several years. Unused portions of monthly releases can be placed into new escrow contracts with later release dates, which removes those tokens from the immediately available supply again.
XRP price falls with broader crypto market
XRP's price has dropped about 3% to $1.34 at press time, according to CoinMarketCap. The decline is occurring alongside a wider cryptocurrency sell-off rather than directly following the escrow transactions alone. Bitcoin has fallen below $77,000 as markets react to escalating tensions between the United States and Iran.
Crypto lawyer Bill Morgan has disputed claims that Ripple's regular escrow distributions directly caused the XRP price decline. He said XRP has been falling alongside Bitcoin and broader crypto market sentiment.
Source: CoinGape
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