XRP · XRP

XRP is never minted. All 100B were created in the first ledger in 2012 and the network has no way to make more, so the total can only fall — two on-chain reads this window show it slipping from 99.9857B to 99.9856B, never once rising.

One billion XRP leaves escrow on the first of each month, but most of it goes straight back in. Reading the locked contracts at both ends of the window, the escrow balance fell from 32.90B to 32.00B — so about 900M net actually left, not the 3.00B gross that unlocked on paper.

Nothing moved off-schedule this window; every billion left on the published monthly date, and the issuer's identified wallets outside escrow actually grew by about 25M rather than shrinking. Three overhangs stay watched: 32.00B still locked in the dated escrow contracts, about 3.53B held across the issuer's labelled wallets outside escrow, and a listed treasury company that has committed to more than 473M.

No bankruptcy estate and no court-ordered distribution touches XRP. The escrow contracts are the only long-dated lock, and they are already tracked in row 2.

No token buyback exists. The 750M dollar repurchase announced in Mar 2026 buys company shares, not XRP, and nothing in the protocol buys XRP off the market.

Every transaction destroys its small fee outright — about 30.8K XRP over the window, near 340 a day. It exists to make spam expensive rather than to shrink supply, so it barely dents the total.

The issuer sells XRP, it does not accumulate it. A listed treasury company is buying XRP on the open market, but that moves coins between holders and removes nothing from the tradable float.

Ripple re-locks most of what it unlocks — about 2.10B of the 3.00B gross went back into fresh escrow this window, including 700M written on Aug 1 before that month's release. That re-lock is already netted inside row 2's figure, so counting it again here would double it.