Ripple returns 700 million XRP to escrow, 300 million left unlocked in November

Ripple , a leading enterprise blockchain company focused on cross-border payments, completed the return of 700 million XRP to escrow on November 1, after initially releasing 1 billion tokens from locked reserves earlier that day. With XRP trading near $1.26, this latest escrow cycle leaves 300 million XRP outside Ripple’s time-locked system for November, in line with recent months. Data from XRPL Insights shows that Ripple created three new escrow contracts shortly after its routine monthly release. These contracts contain 100 million, 500 million, and another 100 million XRP, set to unlock in June and July 2029.

Source: CoinTurk News