After unlocking 1 billion XRP in the January escrow cycle, Ripple re-deposited 700 million of them back into escrow, continuing its existing token operation. Consequently, the escrow balance remained at approximately 34.185 billion XRP.
According to XRP_Liquidity, an XRP-based liquidity tracking account citing XRPscan data, Ripple releases 1 billion XRP from escrow each month, using a portion for liquidity provision and partnership operations. Any unused XRP is automatically returned to escrow according to a pre-established transaction structure, a process that was repeated in January.
Ripple has maintained a monthly escrow release and re-deposit structure since 2017, which has served to provide advance notice of token supply schedules to the market. This January's escrow is considered to be largely consistent with the existing monthly operating pattern.
The current circulating supply of XRP is estimated at approximately 65.78 billion, of which more than 14.2 million have been permanently burned. The remaining escrowed tokens will be released sequentially according to a future schedule.
Meanwhile, an on-chain message attached to an escrow transaction in January briefly sparked controversy. The message, which was satirical and claimed that "Ripple sold a large amount of XRP to individual investors," did not reveal any abnormal token movements or supply changes in actual on-chain data. There was no direct impact on the escrow balance or circulation.
The market believes that Ripple's regular escrow operations are a factor in maintaining the predictability of the XRP supply structure.
