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Lawyer criticizes Ripple's XRP escrow for re-locking unused tokens instead of distributing them monthly.

Market News
02 Nov 2026, 16:50 WIB
Tokenpost
View Source
Bearish
Lawyer criticizes Ripple's XRP escrow for re-locking unused tokens instead of distributing them monthly.

Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 billion XRP, with monthly releases capped at 1 billion XRP starting January 2018. Unused tokens would return to escrow and expire again 55 months later, meaning the final tranche would have been in July 2022 if all were distributed without re-locking. This critique highlights concerns about Ripple's token distribution transparency and strategy.

XRP (Ripple) trades at Rp22.694 on Pluang as of Nov 02, 2026 22:01 WIB, with a slight 1-day increase of 0.13%. The market cap stands at Rp1.441,77 trillion, and daily volume reaches Rp21,94 trillion. Investor activity is balanced, with 52% buying and 48% selling, while typical holding time is 73 days.

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