Core Insights - Ripple will release 1 billion XRP, valued at approximately $2.5 billion, from escrow on November 1 as part of its monthly liquidity management strategy [1][2]. XRP Supply and Market Implications - Each month, Ripple unlocks 1 billion XRP, typically re-locking 70-80% back into new escrows, with only 200-300 million XRP allocated for operational needs, institutional sales, or ecosystem support [2]. - The unlocking process is fully auditable on-chain and aims to prevent sudden supply shocks, drawing market attention due to XRP's recent price volatility [2][3]. - Analysts anticipate minimal direct price impact from the escrow release, as most tokens are expected to return to escrow, but traders will monitor the re-lock amount as an indicator of Ripple's liquidity and sales strategy [3]. Community Debate: Market Cap and Escrowed Tokens - Recent discussions have reignited the debate on how XRP's market cap should be calculated, with arguments that the effective supply is overstated due to 35 billion XRP remaining locked in escrow [4]. - Comparisons have been made to Bitcoin's lost or dormant coins, suggesting that market caps may distort actual liquidity [4]. - The distinction between circulating and non-circulating escrowed XRP was clarified, emphasizing that escrowed tokens remain non-circulating until officially unlocked [5].