Ripple Labs released 1 billion XRP from escrow on 9 August, a batch valued at about $3.28 billion based on prevailing market prices. The move was split into three transactions: 500 million XRP was transferred to an unidentified wallet, while 400 million and 100 million XRP were directed to addresses controlled by Ripple. The company routinely unlocks pre-scheduled tranches of XRP each month under a program established in 2017 to provide market liquidity while capping the pace of new supply. Any remaining tokens that Ripple does not deploy are typically returned to escrow, extending the schedule. Large releases can pressure XRP’s price and are closely watched by traders, though the actual market impact depends on how quickly the newly available tokens are distributed or sold. Ripple has not commented publicly on the rationale for the latest allocation or whether a portion will be returned to escrow at month-end.