Sun Dec 01 21:45:48 UTC 2024: ## Ripple Unlocks $970 Million in XRP

**NEW YORK, December 1, 2024** – Ripple, the cryptocurrency company, has unlocked 500 million XRP from its escrow account, according to data from xrpscan. This represents one of two 500 million XRP unlocks on December 1st, totaling over $970 million USD based on the current XRP price of $1.93. The unlocks are part of Ripple’s scheduled monthly release of 1 billion XRP tokens from its escrow system. This month’s total unlock of 1 billion XRP is valued at approximately $1.6 billion. This represents 1.75% of the current circulating supply of 56.99 billion XRP. XRP is currently experiencing a positive market trend, showing a 3% increase in value over the last 24 hours. The unlocks, while substantial, are a planned part of Ripple’s operations and are not necessarily indicative of any specific market activity.

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