Ripple Returns 700 Million XRP to Escrow After Unlock

Ripple unlocked 1 billion XRP from escrow on November 1 and returned 700 million later that day, leaving 300 million outside escrow, according to XRP Ledger records. The transfers were part of the company’s monthly release schedule, which permits up to 1 billion XRP to be unlocked. The release occurred in two transfers of 500 million XRP each. Three later transactions returned 100 million, 500 million and 100 million XRP to escrow. The ledger records place the unlocks and returns on November 1 UTC. Earlier reports that day described the return as pending; the recorded transactions show that it was completed. The amount unlocked does not establish how much Ripple sold. Tokens outside escrow remain available for the company to sell, use or relock, and the ledger movements alone do not show their eventual disposition. Ripple’s sales figures and buyers for the November release were not disclosed in the reporting. Ripple established the escrow arrangement in 2017, locking 55 billion XRP to make the amount available to the company more predictable. Its plan allows monthly releases of up to 1 billion XRP and calls for unused tokens to be placed into new escrow accounts. The monthly...