Ripple Unlocks 1B XRP in First Escrow Release After XRP Enters US Strategic Reserve

Ripple has unlocked the customary 1 billion XRP in its first escrow release after the U.S. government’s inclusion of XRP in a strategic reserve.

As highlighted by on-chain tracking resource Whale Alert, Ripple observed the recent escrow release across three uneven transactions earlier this morning. The development came a few hours after the U.S. government confirmed that it plans to add XRP in its strategic crypto reserve.

Ripple Re-locks 700M XRP Before Receiving 1B from Escrow

Notably, the first transaction involved the release of 100 million XRP worth $279.8 million at the time to the Ripple address ‘rGK…Bdh’ today at 2:37 UTC. Eight minutes later, the escrow system released an additional 400 million XRP worth $1.12 billion to the same Ripple address. This brought the unlocked tokens to 500 million XRP.