Ripple has around 45.90 billion XRP, which is currently locked in escrows and not part of the token’s circulating supply. On January 1, Ripple unlocked 1 billion XRP, valued at $630 million, keeping 20% of the total.
Each month, Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.
In January, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $126 million, with each token priced at $0.63 by press time.
Monthly escrow Ripple (XRP) | January 2024. Source: Finbold
Nevertheless, both ‘Ripple (22)’ and ‘Ripple (23)’ still hold 2 billion XRP tokens for monthly escrows that will end within the next two months until March 1, 2024. These unlocks are XRP’s supply inflation.
It is important to understand that Ripple usually liquidates their holdings in strategic moments. Essentially, the sell-offs represent a relevant weight of the token’s 24-hour trading volume, capable of influencing short-term price action.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
