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 <p class="paragraph">On the first day of every month, Ripple <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s 1 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> XRP tokens from an escrow system using the XRP Ledger. On March 1 (Friday), the company will <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> $600 million worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP.</p>
 <p class="paragraph">Interestingly, March 2024’s <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> accounts for 1.83% of the current 54.59 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> circulating supply. Moreover, accrues for 2.48% of the remaining 40.3 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> XRP tokens locked in escrows under Ripple’s control.</p>
 <p class="paragraph">Three escrows will reach finality in the last minutes of February 29, held by two known crypto wallet addresses Ripple owns. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in January 2020.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="169" src="https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp" alt class="wp-image-157691" srcset="https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/a8965662689825ad9464000e519d4031.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Ripple (22) assets – escrows. Source: <em>XRP Scan</em>
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 <p class="paragraph">Second, ‘Ripple (23)’ will unlock 200 million and 300 million tokens, previously locked in February and January 2020, respectively. These are the last three escrows left for both accounts, but more unlock contracts are left in other Ripple-controlled addresses.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="203" src="https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp" alt class="wp-image-157692" srcset="https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/874c06e7c6f33a025cbd7abfaaefe0cf.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (23) assets – escrows. Source: <em>XRP Scan</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-this-is-what-ripple-did-to-the-1-billion-xrp-released-in-february">This is what Ripple did to the 1 billion XRP released in February</h2>
 <p class="paragraph">The escrow system unlocked 1 billion XRP on February 1. Later, Ripple re-locked 800 million of the total (80%) in escrows that will end by June and July 2027.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="552" src="https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp" alt="Monthly Ripple (XRP) unlock – February, 2024. Source: Finbold
" class="wp-image-152774" srcset="https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/5f95654a718d47657cd6bfa8277efbb1.webp 1394w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Monthly Ripple (XRP) unlock – February, 2024. Source: Finbold
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 <p class="paragraph">Notably, despite keeping only 200 million XRP, the company spent 260 million tokens ($156 million) from its treasury account, ‘Ripple 1,’ in February. The sell-offs occurred in three batches, all sent to the same address, ‘rP4X2…Kxv3’.</p>
 <p class="paragraph">As developed, Ripple sent the 200 million XRP to its reserves on February 1. Further, the payment protocol made one transaction of 120 million tokens on February 5 and one of 80 million XRP on February 11.</p>
 <p class="paragraph">After using all the <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>ed reserves, it received 100 million extra tokens from ‘Ripple (52),’ spending 60 million on February 20.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="276" src="https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp" alt class="wp-image-157693" srcset="https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 768w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 1536w, https://cdn.thebittimes.com/images/2024/02/28/ee810aeeca6b098266306aad81845442.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <p dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt;" id="docs-internal-guid-cc991576-7fff-571d-8327-040e84c49321"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Ripple (1) account summary. Source: </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">XRP Scan</span></p>
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 <p class="paragraph">As XRP is released each month, it contributes to the token’s inflation, with Ripple significantly influencing its market dynamics and value.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-to-unlock-1-billion-xrp-on-march-1-what-s-next-tbt81071.html">https://thebittimes.com/ripple-to-unlock-1-billion-xrp-on-march-1-what-s-next-tbt81071.html</a></p>

Ripple to unlock 1 billion XRP on March 1; What’s next?

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