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how to draw locks - Ripple Locks 700M XRP in Escrow to Manage May Supply
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2026-06-12 20:27:26 |
97113 min read
Ripple has completed its monthly XRP supply management by locking 700 million XRP in escrow, valued at approximately $974 million. This move, executed on May 1, follows the initial unlocking of 1 billion XRP earlier in the day. The action is part of Ripple's routine strategy to manage liquidity and ensure a predictable supply flow for XRP.Despite the regularity of this process, the XRP community remains optimistic about the asset's performance in May. XRP has already seen a 1.37% gain in the first two days of the month, with its price holding steady around $1.38. Demand for XRP appears to be increasing, as evidenced by a decline in foreign exchange reserves since the start of May.XRP+0.77%Source:Show OriginalDisclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
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