On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system programmed within the XRP Ledger. This is set to happen again on October 1 (Sunday), in three transactions of 100 million, 400 million, and 500 million XRP.
Notably, October 2023’s unlock accrues for 1.87% of the current circulating supply of 53.31 billion XRP, and part of the remaining 46.69 billion XRP tokens owned by Ripple, that are still locked in escrows to be released monthly until February 2027.
There are three escrows set to be finalized on the last minutes of September 30, held by two known wallet addresses under Ripple’s control:
Monthly escrow Ripple (XRP) | September 2023.
From the left 200 million XRP, 100 million tokens were spent on September 11 amid a price crash following news related to FTX’s assets liquidations a day before.
Ripple moves 100 million in a possible sell-off on September 11. Source: Finbold (Vini Barbosa).
75 million XRP were spent six days later on September 18 and another 50 million tokens were put into circulation on September 22 — from the left 25 million XRP of September’s escrows, plus another 25 million tokens from past releases.
