Ripple just three weeks away from dumping 1 billion XRP

Ripple is just three weeks away from unlocking another 1 billion XRP from escrow, with the next release scheduled for November 1. Notably, Ripple unlocks up to 1 billion XRP monthly but typically returns a substantial portion to escrow, meaning not all unlocked tokens are sold on the market. Ripple established its escrow mechanism in December 2017, locking 55 billion XRP in time-restricted contracts and scheduling monthly releases of up to 1 billion XRP starting in 2018. Once unlocked, the tokens become available for business operations, liquidity arrangements, and potential institutional sales.

Source: Finbold