Ripple spent about $84 million of XRP from its nearly $1 billion January reserve last month, according to current market prices.
The company had access to 1 billion XRP last month, meaning the remaining 900 million went back into escrow at the end of January. The funds were transferred back through two transactions, with the 900 million XRP holding a value of $756 million at press time.
The company has 61 billion XRP valued at $51 billion locked up in escrow over the next four years through a series of smart contracts.
Ripple’s escrow movement was developed as a way to increase trust in XRP. Due to Ripple’s own holdings, limiting access to the tokens from even the developers prevented massive token dumps which could tank the price.
Each month, 1 billion XRP is released to the company for internal use. While in the past, Ripple used on average some 300 million XRP per month, it appears to be requiring fewer of its reserve tokens, at least according to this one data point.
Transaction Type: EscrowCreate
Amount: 400,000,000 XRP
Account: rncKvRcdDq9hVJpdLdTcKoxsS3NSkXsvfM
Link: https://t.co/Qs37r2q5G7— XRPL Monitor (@XRPL_Monitor) 1. února 2018
Transaction Type: EscrowCreate
Amount: 500,000,000 XRP
Account: rhEwsCWDCVxDiKxGJAKM6VuXC8EFtJP5gQ
Link: https://t.co/BYyZscRB09— XRPL Monitor (@XRPL_Monitor) 1. února 2018
Source: coindesk.com
