San Francisco-based fintech giant Ripple has unlocked over $2.2 billion worth of XRP from its escrow accounts.
As part of its regular monthly routine, Ripple released 1 billion XRP tokens from escrow for June 2025. At the time of release, the tokens were valued at approximately $2.21 billion.
Transaction Details
Crypto tracking service Whale Alert flagged Ripple’s latest escrow activity. According to a series of posts on X, Ripple released the 1 billion XRP through three separate transactions.
In the first transaction today at 1:42 (UTC), Ripple released 400 million XRP worth around $882.47 million from escrow into its ‘Ripple 26’ wallet.
Three minutes later, Ripple unlocked another 500 million XRP ($1.1 billion) from escrow and deposited it into one of its wallets, labeled ‘Ripple 27.’
Furthermore, the crypto payments company initiated another XRP release about three minutes after the second transaction. This time, the company unlocked 100 million XRP ($220.42 million) from its escrow account and transferred it into the ‘Ripple 26’ wallet.
Following the transactions, Ripple 26 and Ripple 27 wallets each hold a balance of 500 million XRP.
Ripple unlocks XRP from escrow for June
Ripple Locks 670M XRP in Escrow in June
It is worth noting that the latest escrow transactions come a few days after Ripple locked around 670 million XRP in escrow for this month.
As previously reported, Ripple locked the tokens, worth approximately $1.46 billion, in two transactions, each containing 470 million XRP and 200 million XRP, respectively.
Essentially, while Ripple released 1 billion XRP from escrow in June, it locked 670 million coins this month. This indicates that approximately 330 million XRP will be added to the coin’s circulating supply, currently at around 58.76 billion.
A Routine Exercise
Notably, Ripple’s escrow releases are a well-established practice. Since 2017, after locking up 55 billion XRP in escrow, the company has been releasing 1 billion XRP on the first day of each month.
Meanwhile, Ripple subsequently updated the practice by returning a sizable amount of the released funds to escrow. This steady release boosts transparency and predictability regarding the coin’s supply. It also alleviates concerns that the company might flood the market with its huge holdings.
Coinbase Shuffles 54M XRP
In other news, Whale Alert also reported the large movement of XRP to the Coinbase cryptocurrency exchange. According to Whale Alert, two unknown wallets moved nearly 54 million XRP to Coinbase, triggering concerns about potential selling pressure.
Notably, Whale Alert reported that the first whale moved roughly 26.95 million XRP to Coinbase yesterday at 04:43 p.m. (UTC). Afterward, the other whale transferred 27.04 million XRP to the same exchange around the same time.
Although Whale Alert claimed the senders’ identities were unknown, on-chain data shows that Coinbase initiated the transactions, moving the coins from its cold wallets to operational addresses.
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