Ripple has once again made headlines as it unlocked 1 billion XRP tokens from escrow on February 1, continuing its monthly release schedule. According to the results published in the material, this move is part of a long-standing supply management strategy aimed at regulating the circulation of its cryptocurrency.
Token Release Transactions
The release of the tokens was executed in four separate transactions, comprising 100 million, 400 million, 100 million, and another 400 million XRP. Since the introduction of this mechanism in 2017, Ripple has maintained a practice of relocking a significant portion of the unlocked tokens, typically between
- 60%
- 80%
Recent Relocking Update
In a recent update, Whale Alert reported that Ripple successfully relocked 700 million XRP in two transactions, resulting in a net of 300 million XRP remaining unlocked. Despite this strategic move, XRP has experienced a downturn, with a decline of over 6% in the first two days of February, trading at $1.57 at the time of reporting.
Following Ripple's recent token release, the company has introduced an ambitious Institutional DeFi roadmap for the XRP Ledger, aiming to enhance XRP's utility in financial workflows. For more details, see Institutional DeFi roadmap.
