Pro-XRP lawyer Bill Morgan revealed that less than 32.5% of XRP's total supply is now held in Ripple's escrow, contradicting persistent claims of 35% to 40% escrow holdings. Morgan noted that nearly a year ago, escrow accounted for just under 36% of XRP's supply. The decline stems from Ripple's long-standing practice of unlocking 1 billion XRP each month while re-locking only a portion, with approximately 300 million XRP on average not returned to escrow. This gradual reduction occurs as unrelocked XRP is allocated to institutional partnerships, liquidity services, and ecosystem growth. Morgan's remarks followed Ripple's completion of its scheduled July release of 1 billion XRP from escrow.
Ripple Unlocks 1 Billion XRP Monthly With Partial Re-Locking
Ripple continues its established pattern of unlocking 1 billion XRP each month from escrow while re-locking only a portion of those tokens. On average, about 300 million XRP is not returned to escrow, gradually reducing the overall escrow balance. Morgan explained that this trend is expected, as the unrelocked XRP is used for purposes such as institutional partnerships, liquidity services, and ecosystem growth. As a result, Ripple's escrow holdings naturally decline over time.
Morgan pushed back against claims that 35% or 40% of XRP remains in escrow and dismissed assertions from some Bitcoin proponents that Ripple still controls more than half of the token's supply. He highlighted that publicly available on-chain data contradicts these outdated figures. Morgan estimates that less than 29% of XRP's total supply could remain in escrow by July next year if the current pace continues.
XRP Rises 3-4% to $1.12 Following July Escrow Release
Ripple completed its scheduled July release of 1 billion XRP from escrow. While the monthly unlock often fuels concerns about potential selling pressure, Ripple has historically re-escrowed most of the released tokens, limiting the amount that enters circulation. The latest release had little negative impact on market sentiment.
XRP climbed about 3% to 4%, breaking above $1.10 before extending its gains. According to CoinCodex, XRP is now trading at $1.12, with buyers continuing to defend higher lows. This move has strengthened expectations that $1.10 could flip from resistance into a key support level, reinforcing the asset's bullish technical structure.
Morgan's remarks have reignited debate over XRP's tokenomics, with supporters arguing that the shrinking escrow balance reflects a progressively less concentrated distribution model as more XRP enters the broader market.
FAQ
What percentage of XRP supply is currently in Ripple's escrow?
According to pro-XRP lawyer Bill Morgan, less than 32.5% of XRP's total supply is now held in Ripple's escrow, down from just under 36% nearly a year ago.
How much XRP does Ripple unlock from escrow each month?
Ripple unlocks 1 billion XRP from escrow each month. On average, approximately 300 million XRP is not returned to escrow, with the unrelocked tokens used for institutional partnerships, liquidity services, and ecosystem growth.
How did XRP price perform after the July escrow release?
Following Ripple's scheduled July release of 1 billion XRP from escrow, XRP climbed about 3% to 4%, breaking above $1.10 and reaching $1.12 according to CoinCodex, with buyers defending higher lows.
