Ripple released 1 billion XRP from escrow on November 1 during its first scheduled monthly unlock, worth approximately $1.25 billion. The release, conducted through two transactions of 500 million tokens each, does not guarantee an equivalent increase in circulating supply because some XRP may be returned to escrow. Ripple had locked 55 billion XRP under this program since 2017 and could release up to 1 billion each month, with previous releases seeing approximately 700 million XRP returned to escrow. XRP was trading around $1.25 on November 1 after fluctuating between $1.19 and $1.30, with no confirmed evidence directly linking the movements to the release. In addition, the fixCleanup3_4_0 amendment to the XRP Ledger could activate as early as November 4 if validator support reaches the required 80% threshold.
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