Ripple's 1 Billion XRP October Unlock Sits Untouched for 26 Days Ahead of Swell
- —Four escrow contracts released 1 billion XRP on October 1 into wallets Ripple 10 and Ripple 11, 500 million each
- —Neither wallet has sent a single payment since the unlock
- —Another 500 million XRP matures in each wallet on November 1, bringing the total to about 2 billion
- —Wallets holding 10 million+ XRP control 46.87 billion tokens, or 68.5% of supply, the highest since November 2022
Why it matters: Any movement of the unlocked coins out of Ripple's wallets after Swell would add fresh selling pressure to XRP supply.
Source: 99Bitcoins