|
Getting your Trinity Audio player ready...
|
After a week of heightened speculation, Ripple has confirmed its scheduled August token release, unlocking 1 billion XRP from escrow on August 9. The move quashes rumors that the company might skip its monthly practice, something it has not done since initiating its escrow program in late 2017.
Speculation Turns to Confirmation
The buzz began when Ripple locked 700 million XRP at the start of August without releasing new supply. Traders on X speculated whether Ripple was quietly halting the routine unlocks, with one XRP wallet tracker noting, “A bit intriguing if all of a sudden it just stopped.”
The confirmation came via Whale Alert data, which showed the 1 billion XRP release in three transactions worth roughly $3.28 million at the time. The majority—typically 650–800 million XRP—will be returned to escrow, while 200–350 million XRP will support on-demand liquidity (ODL), partnerships, acquisitions, and ecosystem development.
Routine With a Twist
Ripple has historically conducted its billion-token unlocks on the first of each month. However, since March, the company has shifted to a more flexible schedule, creating new escrows from its holdings and releasing tokens later in the month. This adjustment appears aimed at reducing predictable sell pressure while maintaining liquidity for strategic initiatives.
The August unlock comes amid renewed optimism in the XRP community over potential ETF developments. Some see Ripple’s consistent reserve management as preparation for larger institutional moves in the near future.
Also Read: $243M in 9 Assets: XRP Ledger Tops RWA Charts With High-Value Tokenizations
Market Impact and Outlook
According to XRPscan, Ripple still holds about 35.6 billion XRP in escrow, ensuring monthly releases will remain a fixture for years. While the August event did not trigger a significant price rally, it reinforced confidence in Ripple’s supply management strategy.
Currently, XRP is consolidating, with resistance near $3.40 and support between $3.14–$3.20. A break above the upper range could fuel the next bullish leg, while holding the lower band is key to preserving momentum.
By confirming August’s unlock, Ripple has reaffirmed its commitment to controlled supply management while introducing timing flexibility to better align with market conditions. For XRP holders, the blend of predictability and strategic adjustment could prove critical as institutional interest builds.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
