Ripple re-locked 700 million XRP into escrow on November 1 following its release of 1 billion tokens worth approximately $1.25 billion earlier that day, leaving a net 300 million XRP outside the company's time-locked reserves. The re-locking occurred through three transactions executed between 17:38 and 17:42 UTC on November 1, according to XRPL Insights' on-chain records. Ripple introduced its escrow mechanism in 2017 to make XRP supply releases more predictable, with monthly cycles that typically see a portion of unlocked tokens returned to new time-locked contracts.
Ripple Re-Locks 700 Million XRP in Three November 1 Transactions
On-chain records show that Ripple-controlled wallets created three escrow contracts containing 100 million, 500 million and another 100 million XRP. The first two contracts, totaling 600 million XRP, become eligible for release on June 1, 2029. The remaining 100 million XRP is scheduled for July 1, 2029.
These transactions reduced November's net escrow release to 300 million XRP, matching the amount left outside escrow following September and October's monthly cycles. Following the latest cycle, XRP Insights reported approximately 31.1 billion XRP locked across 99 Ripple-owned escrow objects.
Unlocked XRP Does Not Confirm Exchange Deposits or Sales
The remaining 300 million XRP represents a reduction in locked supply, not proof that Ripple transferred those tokens to cryptocurrency exchanges. Escrow completion makes tokens available to their designated recipient, but subsequent sales require separate transactions.
According to historical escrow records, Ripple released 12 billion XRP over the past 12 monthly cycles and returned 8.4 billion, or 70%, to new contracts. The remaining 3.6 billion XRP represents the cumulative reduction in locked supply, without establishing how much entered public trading.
XRP Trades Near $1.26 as Investors Monitor Escrow Balances
The latest transactions arrive as XRP trades near $1.26. XRP ETFs accumulated approximately $1.81 billion in inflows while underlying holdings declined in value. Ripple's shrinking escrow balance has become an increasingly important supply metric as investors assess the company's remaining locked reserves.
FAQ
What did Ripple do with the 1 billion XRP unlocked on November 1?
Ripple released 1 billion XRP worth approximately $1.25 billion on November 1, then re-locked 700 million XRP into three new escrow contracts between 17:38 and 17:42 UTC that same day, leaving a net 300 million XRP outside escrow.
When will the re-locked XRP become available again?
The 700 million re-locked XRP will become eligible for release on two dates: 600 million XRP on June 1, 2029, and 100 million XRP on July 1, 2029.
How much XRP does Ripple currently have locked in escrow?
Following the November 1 cycle, approximately 31.1 billion XRP remains locked across 99 Ripple-owned escrow objects, according to XRPL Insights.
