Ripple unlocks 500 million XRP worth approximately $1 billion from escrow
On-chain data from XRPSCAN showed that Ripple has unlocked 500 million XRP worth approximately $1.02 billion from an escrow account marked Ripple (27) at 15:04 UTC+8. The firm has also transferred the funds to addresses labeled Ripple (12) and Ripple (13).
The release also followed two transfers made from escrow by an anonymous wallet, including 200 million XRP and 300 million XRP transactions. On-chain data showed that those XRP transactions were worth around $407,926,449 and $612,401,797, respectively, at the time of execution.
Ripple unlocks 500M XRP worth around $1B
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (1,020,192,378 USD) unlocked from escrow at #Ripplehttps://t.co/6CmkMweioW
— Whale Alert (@whale_alert) April 3, 2025
Ripple has unlocked 500 million XRP worth roughly $1.02 billion from its escrow account named “Ripple (27). On-chain data also showed that Ripple (27) still holds 500 million XRP at the time of publication. The firm also transferred the funds to Ripple (12) and Ripple (13) addresses.
The crypto company revealed that it is not flooding the market with all the tokens simultaneously. Instead, it plans to set aside only 20-25% of the unlocked XRP for market sales and strategic partnerships. The firm also sets aside roughly a quarter of the unlocked XRP for transactions with institutional purchasers and re-locks the remainder in escrow for future use.
The crypto firm acknowledged that its escrow system aims to assist it in navigating market volatility while allowing tokens to be gradually released into circulation in a controlled manner. The company argued that it gets better control over how much XRP is available and also prevents any sudden surge of tokens that may flood the market. The XRP issuer revealed that 55 billion XRP is currently locked into escrow, with 1 billion XRP scheduled to be released every month.
The crypto firm has had an XRP supply control mechanism in place dating back to 2017. Ripple releases approximately $1 billion XRP each month on the first day of the month. The blockchain company changed its release schedule by releasing XRP on April 3 instead of April 1.
The XRP issuer revealed that it locked 700 million coins on April 2 before the traditional release. The firm also unlocked one billion XRP on March 3, and they locked 700 million coins in escrow two days before, suggesting that the company has made changes to its own monthly XRP release strategy.
On February 1, 2025, the firm unlocked another 1 billion XRP from the Ripple (26) and Ripple (27) wallets. 400 million XRP and 100 million XRP were released from Ripple (26), while 500 million XRP came from Ripple (27), all valued at approximately $3.10 billion.
The remaining half of XRP from April’s 1 billion unlock is expected to be released in the coming days or weeks, following Ripple’s phased approach. The release of such a significant amount of crypto could cause volatility in the market, as Ripple periodically unlocks XRP to manage its supply and support its operations. XRP was exchanging hands at $2.04 at the time of publication, a 3.71% drop in the last 24 hours.
Ripple launches RLUSD stablecoin on Kraken
🔊 $RLUSD @ripple is now available for trading on Kraken!
✔️ Deposits and withdrawals are enabled
🎉 Trading is now live!
Trade here ⤵️https://t.co/EbU16A6sy0
*Geographic restrictions apply pic.twitter.com/oinEZBMZfs
— Kraken Exchange (@krakenfx) April 2, 2025
The XRP issuer has revealed its RLUSD stablecoin on the Kraken cryptocurrency exchange. The move follows the firm’s launch of the stablecoin on LMAX Digital, Bitstamp, Bullish, and Zero Hash.
“RLUSD is now integrated into Ripple Payments – our cross-border payment solution with near-global coverage through 90+ payout markets, and instant connections to banks, FIs, payment service providers, exchanges and many more around the world.”
–Jack McDonald, Ripple’s Senior Vice President of Stablecoins.
The firm acknowledged that the USD-pegged stablecoin aims to boost its cross-border payment functions and integrate it with the payment platform. RLUSD’s launch has fueled Ripple’s expansion in the crypto market, achieving a market capitalization of around $250 million since its launch in December.
Cross-border payment providers BKK Forex and iSend were among the first firms to implement the stablecoin within the Ripple Payments ecosystem. The crypto company highlighted that the implementation of RLUSD by the two firms will improve their treasury operations.
The XRP issuer also collaborated with Chainlink to add RLUSD data feeds to the decentralized finance ecosystem. CoinMarketCap indicated that RLUSD is at a 96% positive sentiment rating in the wake of its recent development.
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Ripple unlocks 500 million XRP worth approximately $1 billion from escrow
On-chain data from XRPSCAN showed that Ripple has unlocked 500 million XRP worth approximately $1.02 billion from an escrow account marked Ripple (27) at 15:04 UTC+8. The firm has also transferred the funds to addresses labeled Ripple (12) and Ripple (13).
The release also followed two transfers made from escrow by an anonymous wallet, including 200 million XRP and 300 million XRP transactions. On-chain data showed that those XRP transactions were worth around $407,926,449 and $612,401,797, respectively, at the time of execution.
Ripple unlocks 500M XRP worth around $1B
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (1,020,192,378 USD) unlocked from escrow at #Ripplehttps://t.co/6CmkMweioW
— Whale Alert (@whale_alert) April 3, 2025
Ripple has unlocked 500 million XRP worth roughly $1.02 billion from its escrow account named “Ripple (27). On-chain data also showed that Ripple (27) still holds 500 million XRP at the time of publication. The firm also transferred the funds to Ripple (12) and Ripple (13) addresses.
The crypto company revealed that it is not flooding the market with all the tokens simultaneously. Instead, it plans to set aside only 20-25% of the unlocked XRP for market sales and strategic partnerships. The firm also sets aside roughly a quarter of the unlocked XRP for transactions with institutional purchasers and re-locks the remainder in escrow for future use.
The crypto firm acknowledged that its escrow system aims to assist it in navigating market volatility while allowing tokens to be gradually released into circulation in a controlled manner. The company argued that it gets better control over how much XRP is available and also prevents any sudden surge of tokens that may flood the market. The XRP issuer revealed that 55 billion XRP is currently locked into escrow, with 1 billion XRP scheduled to be released every month.
The crypto firm has had an XRP supply control mechanism in place dating back to 2017. Ripple releases approximately $1 billion XRP each month on the first day of the month. The blockchain company changed its release schedule by releasing XRP on April 3 instead of April 1.
The XRP issuer revealed that it locked 700 million coins on April 2 before the traditional release. The firm also unlocked one billion XRP on March 3, and they locked 700 million coins in escrow two days before, suggesting that the company has made changes to its own monthly XRP release strategy.
On February 1, 2025, the firm unlocked another 1 billion XRP from the Ripple (26) and Ripple (27) wallets. 400 million XRP and 100 million XRP were released from Ripple (26), while 500 million XRP came from Ripple (27), all valued at approximately $3.10 billion.
The remaining half of XRP from April’s 1 billion unlock is expected to be released in the coming days or weeks, following Ripple’s phased approach. The release of such a significant amount of crypto could cause volatility in the market, as Ripple periodically unlocks XRP to manage its supply and support its operations. XRP was exchanging hands at $2.04 at the time of publication, a 3.71% drop in the last 24 hours.
Ripple launches RLUSD stablecoin on Kraken
🔊 $RLUSD @ripple is now available for trading on Kraken!
✔️ Deposits and withdrawals are enabled
🎉 Trading is now live!
Trade here ⤵️https://t.co/EbU16A6sy0
*Geographic restrictions apply pic.twitter.com/oinEZBMZfs
— Kraken Exchange (@krakenfx) April 2, 2025
The XRP issuer has revealed its RLUSD stablecoin on the Kraken cryptocurrency exchange. The move follows the firm’s launch of the stablecoin on LMAX Digital, Bitstamp, Bullish, and Zero Hash.
“RLUSD is now integrated into Ripple Payments – our cross-border payment solution with near-global coverage through 90+ payout markets, and instant connections to banks, FIs, payment service providers, exchanges and many more around the world.”
–Jack McDonald, Ripple’s Senior Vice President of Stablecoins.
The firm acknowledged that the USD-pegged stablecoin aims to boost its cross-border payment functions and integrate it with the payment platform. RLUSD’s launch has fueled Ripple’s expansion in the crypto market, achieving a market capitalization of around $250 million since its launch in December.
Cross-border payment providers BKK Forex and iSend were among the first firms to implement the stablecoin within the Ripple Payments ecosystem. The crypto company highlighted that the implementation of RLUSD by the two firms will improve their treasury operations.
The XRP issuer also collaborated with Chainlink to add RLUSD data feeds to the decentralized finance ecosystem. CoinMarketCap indicated that RLUSD is at a 96% positive sentiment rating in the wake of its recent development.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Read More