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FIGR_HELOC $1.06Ripple to unlock 1 billion XRP worth $1.54 billion on Oct. 1
The scheduled escrow release, equal to 85% of all U.S. XRP ETF holdings to date, comes as institutional demand for the token grows.
The short answer
Ripple will unlock up to 1 billion XRP from its on-ledger escrow on October 1, with the tokens valued at roughly $1.54 billion at current market prices. The release is part of the company's 2017-established supply management program, though Ripple has historically re-locked a large share of unlocked tokens, meaning the actual increase in circulating supply is often lower than the headline figure.
What happened
Ripple's monthly escrow window opens on October 1, with up to 1 billion XRP set to become available for distribution. The tokens are worth roughly $1.54 billion at current XRP prices. The release is part of a supply management system Ripple established in 2017, when it locked 55 billion XRP into on-ledger escrow contracts to make token distributions predictable. As of late September, 31.98 billion XRP remained locked in the company's onchain escrow, with another 4.74 billion held in operational wallets.
Why it matters
The scheduled release is closely watched by market participants because any untaken-up increase in circulating supply can create short-term selling pressure. The 1 billion XRP unlock ceiling is roughly 85% of the total 1.18 billion XRP held by U.S. spot XRP ETFs as of late September. Those ETFs, which hold combined assets of about $1.82 billion, have seen steady inflows, including $75.59 million in the week of September 21 to 25. At the same time, large XRP holders have accumulated more than 470 million XRP, worth about $724 million, over the five days ending September 24, suggesting some institutional investors are positioning for further upside despite the upcoming supply release.
What is still unclear
- The exact amount of the 1 billion XRP unlock that will enter circulating supply is unclear, as Ripple has historically returned a substantial portion of unlocked tokens to new escrow contracts.
Questions readers ask
How much XRP will Ripple unlock on October 1?
Ripple's escrow system will make up to 1 billion XRP available for release on October 1, part of its long-running monthly supply management schedule. The tokens are valued at roughly $1.54 billion at current market prices.
Will the XRP unlock increase circulating supply?
While the headline unlock figure is 1 billion XRP, Ripple has historically re-locked a large share of unlocked tokens, so the actual increase in circulating supply is typically lower than the maximum release amount.
How much XRP do U.S. spot XRP ETFs hold?
As of late September, U.S. spot XRP ETFs hold a combined 1.18 billion XRP, equal to 1.18% of the fixed 100 billion XRP supply, with total assets under management of about $1.82 billion.
