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Ripple Returns 700 Million XRP Tokens to Escrow After Releasing 1 Billion for Liquidity Demands

Ripple has returned 700 million XRP tokens to escrow shortly after releasing 1 billion tokens to address liquidity demands for May. The recently locked XRP tokens are part of the 1 billion coins previously released from the Ripple escrow wallets. Ripple's practice of releasing and locking back XRP tokens every month is not uncommon.

The company's mission is to distribute XRP to the market, and it has sold $2.93 billion worth of XRP to its On-Demand Liquidity (ODL) partners for the first quarter of this year. Once the XRP in Ripple's escrow runs out, it will show that the company has completed its task of distributing the assets.

XRP XRP $2.17
-2.76%
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