Ripple Moves 1 Billion XRP In Latest Monthly Escrow Release

Ripple Moves 1 Billion XRP In Latest Monthly Escrow Release


Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price.

David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable price movement.

A Complicated Question On Burning

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Schwartz said Ripple could unilaterally ensure the locked tokens never enter circulation, and he added the company could replicate the effect of selling escrow by transferring control of the account that the escrow completes into.

CEO Brad Garlinghouse, for his part, said he does not rule anything out when asked about permanently destroying the reserves.

The comments come as Ripple completed its latest scheduled monthly escrow release, unlocking 1 billion XRP across three separate transactions worth more than $1.33 billion, according to on-chain tracker Whale Alert.

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