Ripple Is Set To Unlock 1 Billion XRP On August 1. Most Of The Tokens Are Expected To Return To Escrow

Source: International Business Times

Ripple's escrow mechanism automatically unlocks up to 1 billion XRP on the first day of each month through a series of smart contracts on the XRP Ledger. Alesia Kozik Ripple is preparing for its next scheduled XRP escrow release, with 1 billion XRP set to become available on Aug. 1 under the company's longstanding token management program.