Ripple will release 1 billion XRP from escrow on November 1, 2025, continuing its scheduled monthly unlock. At today’s price of $2.48, the tranche carries a notional value of $2.48 billion.
As Finbold has reported previously, Ripple typically uses only a portion (200-300 million XRP historically) of the 1 billion XRP monthly unlock for sales or operations, with the rest (700-800 million XRP) relocked into new escrow contracts. This limits the net impact on circulating supply to approximately $500-750 million at $2.48/XRP, far below the $2.48 billion notional value.
Data from the XRP Ledger as of October 24, 2025, shows Ripple relocked 750 million XRP from the October 1 unlock, consistent with the 200-300 million usage trend.
However, the release lands at a pivotal moment for the token. The SEC faces a cluster of XRP ETF deadlines in late October and early November, with a decision on Grayscale’s filing expected by October 29. A post-shutdown approval wave, analysts say, could mirror the Bitcoin and Ethereum ETF rollouts that have already attracted more than $150 billion in inflows.
Since XRP now enjoys legal clarity as a non-security, approval could act as a structural demand catalyst, offsetting the near-term impact of fresh supply from escrow.
Ripple co-founder’s 50 million XRP transfer
In parallel, Ripple co-founder Chris Larsen has drawn attention with a 50 million XRP transfer, worth about $120 million to Evernorth Holdings.
The firm, backed by Ripple executives, is preparing a SPAC merger and plans to build the largest public XRP treasury with more than $1 billion in assets. Evernorth is targeting a Nasdaq listing under the ticker XRPN by early 2026, pitching itself as a bridge between XRP, capital markets, and DeFi products.
The transaction sparked a familiar divide in the XRP community. Skeptics pointed to Larsen’s $764 million in XRP sales since 2018, calling it another cash-out, while supporters highlighted its role in bolstering long-term market infrastructure. The market reaction was modest: XRP dipped from $2.54 to $2.36 after the transfer before rebounding to current levels.
