Ripple unlocks 1 billion XRP but returns 700 million to escrow
- —1 billion XRP worth $1.38 billion unlocked in three transactions
- —700 million XRP returned to escrow, leaving 300 million outside contracts
- —XRP was near $1.38 at the unlock and near $1.42 five days later
- —US spot XRP ETFs drew $14.38 million on Sept 1, an 11th straight session of inflows
Why it matters: Ripple's monthly XRP unlocks are predictable, and the market focuses not on the unlock size but on how much Ripple returns to escrow and sells.
Source: Coinpaper