Ripple has performed its scheduled monthly release of 1 billion XRP from escrow as October begins. Blockchain tracker Whale Alert reported four transactions that saw a total of 1 billion XRP unlocked from escrow.
The transactions are given as 400,000,000 XRP worth $595,636,565 at the time of unlock; 200,000,000 XRP worth $297,818,282; 300,000,000 XRP worth $446,727,424; and 100,000,000 XRP worth $148,909,141.
The release follows Ripple’s established practice of unlocking XRP at the beginning of each month from its escrow accounts. While the headline figure is 1 billion XRP, the entire amount does not necessarily enter the circulating market.
Ripple has often returned a large portion (about 700 to 800 million XRP) of unlocked XRP to escrow, with the remainder used for operational purposes, ecosystem initiatives, and other activities.
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According to XRPScan data, the total XRP escrowed is given as 31,845,130,805 XRP (31.9% of supply), while the XRP circulating supply is given as 68,126,080,636 (68.1% of total supply of 100 billion XRP). A total of 14,394,279 XRP has been burned so far (0.014% of supply).
The next 24 hours will be watched to see how much Ripple returns to its escrow to get the exact amount of XRP left. For now, 31.845 billion XRP remains escrowed, down from over 32.4 billion XRP reported months back.
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