The amount of XRP held in Ripple’s escrow wallets has reportedly been reduced from 55 billion XRP at the end of 2017 to 49.9 billion XRP at time of publishing.
Ripple, which owns more than half of the total supply of XRP, created the escrow program to manage its sales of the digital asset.
According to the escrow tracker at XRPArcade, Ripple has sold an average of 212.5 million XRP per month to institutions and crypto exchanges.
“At this rate, it will take 235 months (19 years and 7 months) for the last escrow to finish. In July 2039 (10 months ago the expected finish was April 2039 at a rate of 214.3 per month).”
Ripple’s ownership of XRP and its monthly sales are a hot-button issue in the world of crypto.
Back in August, Bloomberg published a report exploring Ripple’s sales as a possible cause of the digital asset’s market slide in 2019. Read More...