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$17.9 Billion in XRP Tokens Set to be Unlocked in 2023

Published 01/20/2023, 01:30 AM
Updated 01/20/2023, 02:00 AM
$17.9 Billion in XRP Tokens Set to be Unlocked in 2023

  • Token Unlocks reports that $17.9 billion in XRP tokens will be unlocked in 2023.

  • The cumulative total value of tokens to be unlocked in 2023 is $102 billion.

  • Crypto users question the authenticity of the report that could generate a FUD.

The 2022 annual report of Token Unlocks highlights XRP as the token with the highest unlock potential for 2023. With $17.9 billion in tokens set to enter the market, XRP will unlock over four times more tokens than the next-ranked token, Filecoin.

Filecoin expects to unlock $4.9 billion in tokens this year, adding to several other planned unlocks, as reported by the Chinese crypto journalist Collin Wu. Wu’s report has generated reactions among his Twitter followers as users questioned what the influx of tokens could do to the market.

Latest comments

Of 61.0 billion XRP released from January 2018 through January 2023, 49.4 billion XRP have been returned to escrow. The current net rate of release (since July 2022) to the market is 300 million XRP per month, which would mean the estimate for all of 2023 is net 3.6 billion XRP or $1.4 billion at current prices. Also, the value of the top 300 fixed tokens deemed to be unlocked in the upcoming years was reported to be as high as $102 billion, but the report very clearly states that this value is the unlocks in many years to come.
This article from Coin Edition should never have been reposted without some effort at validation. The article is full of either blatant lies or mind-boggling stupidity. The $17.9 billion is held in escrows set up by Ripple, but it is NOT being unlocked in 2023! Approximately 43.4 billion XRP remain in escrows as of the end of January 2023. Each month since January 2018 one of the original 55 escrows expires, releasing 1.0 billion XRP (appr. $400 million at current prices) into circulation; however, most of the XRP released get put back into escrows which are then added to the end of the schedule to expire at the same pace of 1.0 billion XRP per month.
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