Ripple unlocks 400 million XRP — worth roughly $547M at current prices.

Ripple has released 400 million XRP from escrow, valued at approximately $547 million at the time of the unlock. The move follows Ripple's standard monthly escrow release schedule, under which tokens are unlocked and any unsold portion is typically re-locked into new escrow tranches.

Large escrow releases are a recurring feature of XRP's supply mechanics and don't automatically translate into sell pressure — Ripple has historically re-escrowed the majority of each tranche. Markets will be watching whether any material portion enters circulation in the near term.