According to U.Today, Ripple's latest quarterly report reveals that the San Francisco-based company currently holds 4.682 billion XRP tokens in its wallets. Additionally, Ripple has 39.5 billion XRP tokens under on-ledger escrow lockups. The escrow system, introduced by Ripple in 2017, initially locked away 55 billion tokens. The company releases a billion tokens monthly as per a predetermined schedule and often re-locks some of the newly released tokens.

Earlier this year, Ripple CTO David Schwartz mentioned that the escrow tokens could potentially be burned by 'blackholing' the associated accounts, although this scenario appears unlikely. Schwartz explained that Ripple's original plan involved giveaways, but this approach became unfeasible as the XRP price gained market value. The company then tried various methods such as sales with lockups and using XRP to incentivize partners, but found these methods to be essentially similar to selling XRP.

The quarterly report also highlighted that XRP experienced elevated volatility in the second quarter, with realized volatility remaining above 90%. However, this volatility decreased to 45% during the latter part of the quarter. On-chain activity on the XRP Ledger was significantly lower compared to the previous quarter. Additionally, Ripple revealed the name of its stablecoin and continued its ongoing legal battle with the SEC during this period.