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Ripple Labs unlocked 1 billion XRP on June 1, 2026, from the escrow account.
The blockchain payment company received the monthly unlock on Monday across three transactions, according to on-chain data from XRPSCAN, as analyzed by Finbold. The largest single transaction involved 500 million XRP, valued at about $640 million at press time.
Ripple’s unlock of XRP from escrow. Source: XRPscanAdditionally, the company received 400 million and 100 million XRP from the escrow account, valued at about $512 million and $128 million, respectively. Ripple received its monthly unlocks as expected to fund its operations.
Moreover, Ripple and XRP are interdependent in terms of growth prospects. Notably, the company uses XRP sales to fund the development of cross-border payments products, which are crucial to the mainstream adoption of the XRP Ledger (XRPL), which uses XRP as its native token.
Ripple XRP escrow unlock impact
Ripple Labs has been a major source of XRP dilution over the years. Since the beginning of this year, the company has relocked 3.5 billion tokens to the escrow account.
As such, if Ripple follows its set norm, it could relock 700 million tokens from its June unlock, thereby increasing the total locked-up tokens YTD to 4.2 billion units. Notably, the company has retained 1.5 billion XRP and could add an additional 300 million from its June unlock.
As such, the XRP escrow’s balance dropped to about 33 billion tokens, worth approximately $42.31 billion, at the time of publication. Meanwhile, the altcoin’s total circulating supply surged to 66.916 billion, at about $85.65 billion at press time.
XRP distribution. Source: XRPSCANThe company’s XRP escrow unlock may not directly affect the token’s value if it engages in over-the-counter (OTC) trades. However, if Ripple Labs makes a significant deposit across various crypto exchanges, the altcoin could face additional selling pressure.
The post Ripple unlocks 1 billion XRP from escrow account appeared first on Finbold.
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