Ripple has re-locked 700 million XRP into escrow, returning tokens valued at approximately $875 million at the prevailing XRP price, following the company's scheduled November 1 release of 1 billion tokens from its on-ledger escrow contracts. Because these cycles play out in verifiable on-ledger transactions, they offer market participants a recurring window into how much of each monthly release actually stays in circulation.

On-chain records show that Ripple unlocked the monthly supply through two separate transactions of 500 million XRP each, then sent 700 million tokens back into escrow. The report did not specify the status of the remaining 300 million tokens from the release, leaving their subsequent movement something that can be followed directly on the ledger.

The re-locking follows Ripple's long-standing escrow mechanism. In 2017, the company placed 55 billion XRP into a series of on-ledger escrow contracts designed to release up to 1 billion XRP per month, a structure intended to make the token's circulating supply predictable. Tokens not deployed during a given monthly cycle are routinely returned to escrow, and Ripple has repeated this pattern across prior releases, so the size of each re-lock reflects how much of that month's release was returned unused.

XRP is the native digital asset of the XRP Ledger, an open-source blockchain on which escrow contracts operate on-ledger and release funds automatically when their predefined conditions are met.

This content was first published on COINOTAG: https://en.coinotag.com/ripple-re-locks-700-million-xrp-after-november-release