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Gigantic $6,080,413,883 XRP Move Stuns Ripple Wallets: What's Going On?

Mon, 1/09/2025 - 16:07
Ripple unleashes $6,080,413,883 XRP shuffle, and there's one concrete reason why
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Gigantic $6,080,413,883 XRP Move Stuns Ripple Wallets: What's Going On?
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As expected, the first day of September brought Ripple escrow transactions, and as always the scale is hard to miss. Whale Alert tracked several transfers in quick succession: 500,000,000 XRP equivalent to $1,380,340,882 were unlocked and sent to a Ripple wallet. Then, 300,000,000 XRP worth $830,158,847 and 200,000,000 XRP equal to $553,278,406 were unlocked.

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Not all of that supply will hit the market, however. By the end of the sequence, Ripple returned 700,000,000 XRP to escrow: 400,000,000 XRP valued at $1,104,530,305 and 300,000,000 XRP valued at $828,023,264.

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This results in a net release of 300,000,000 XRP for September, which is consistent with the company's usual pattern of unlocking 1 billion, distributing some of it and relocking what's left.

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Why does Ripple shuffle XRP?

This system was introduced years ago to make XRP's circulating supply more predictable. Each month, Ripple opens a fresh tranche of 1 billion XRP from escrow. The tokens are available for use in Ripple’s ecosystem or for institutional demand.

Whatever remains unused, however, is locked back for a later cycle. It’s a rolling mechanism that currently covers about 35.6 billion XRP in escrow.

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Net supply increases can weigh on price action, while larger relocks reduce that pressure. This time, the balance appears moderate: 300 million XRP were freed up, worth just over $830 million at the current value, with most of it pushed back into long-term hold.

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