Mr.Abrash

08/11 12:05

Escrow unlocks threaten supply shock On 9 August,

Escrow unlocks threaten supply shock

On 9 August, more than $3.28 billion in XRP was unlocked from escrow. This unlock was split into transaction batches of $1.64 billion, $328 million, and $1.32 billion, as per Whale Alert.

The release to unknown wallets risks adding selling pressure by expanding the circulating supply.

Historically, such events have weighed on XRP’s price, especially when demand fails to match the inflows.

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At press time, while bullish metrics seemed to outweigh bearish cues, the scale of the escrow unlock injected some uncertainty in the market.

Hence, traders may prefer waiting for a clearer breakout or breakdown before committing to large positions.

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