700 million XRP re-escrowed after 1 billion were released; up 280.81% in November 2024
Original headlineXRP 10억개 풀린 뒤 7억개 재예치…2024년 11월 280.81%
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Ripple re-locked 700 million XRP into escrow after releasing 1 billion XRP from its November escrow cycle, leaving 300 million XRP outside escrow. On-chain records from the XRP Ledger show two releases of 500 million XRP each on November 1 at around 9 a.m. KST, followed by re-escrow transactions of 100 million, 500 million, and 100 million XRP between 2:38 and 2:42 a.m. KST on November 2. The 300 million XRP remaining outside escrow represents the difference between released and re-locked amounts, though the ledger does not reveal whether these tokens were sold or moved to exchanges. The headline figure of 280.81% appears to reference a monthly metric tied to November 2024, though the article is truncated. Escrow mechanics matter to XRP supply dynamics because scheduled monthly unlocks of up to 1 billion XRP are a recurring potential overhang, and market watchers will track whether the un-re-escrowed 300 million XRP flows to exchanges or is re-locked later.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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XRP (XRP), Ripple (XRP), XRP Ledger
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