Deep Tide TechFlow news, on February 2, according to Whale Alert monitoring, 400 million XRP (1.136 billion USD) was unlocked from custody about 8 minutes ago.
It is reported that Ripple locked 55 billion XRP (55% of the total supply) in custody accounts based on the XRP Ledger in 2017. These custody accounts are controlled by smart contracts, automatically unlocking 1 billion XRP per month (1 billion per month before 2020, later adjusted to 450 million per month). Not all of the 1 billion XRP unlocked each time enters market circulation; Ripple typically only uses a portion of the unlocked tokens (such as 20%-25% for market sales), with the remaining portion re-locked in custody for release in future months. In 2020, Ripple extended the custody contract from 55 months to 70 months, further slowing the release rate.
