According to The Crypto Basic, Ripple CTO David Schwartz confirmed that the company can sell the rights to receive XRP tokens locked in its escrow accounts. During a community discussion, software engineer Vincent Van Code raised questions about how crypto data trackers report XRP’s circulating supply compared to Bitcoin’s. Van Code noted that tracking platforms like CoinMarketCap exclude XRP in Ripple’s escrow but include Bitcoin in Satoshi’s wallet, which would significantly affect Bitcoin’s market cap if excluded. CoinMarketCap currently tracks only 60 billion XRP in circulation, giving it a $157 billion market cap at $2.62 per token. An investor pointed out that Bitcoin includes all mined coins in its calculation because they can be sold at any time. In response, Schwartz clarified that Ripple can sell the right to receive XRP from escrow or even sell the accounts where those tokens will be released, though the XRP itself cannot circulate until the scheduled release dates. XRPScan data shows Ripple holds around 35 billion XRP in escrow, valued at about $92 billion. Some in the community speculate Ripple could sell these rights to institutional buyers or transfer tokens to the U.S. government to establish an official XRP reserve. Meanwhile, Evernorth plans to buy $1 billion in XRP to create a reserve, but Ripple has not used its escrow tokens for this effort.
Ripple CTO Confirms Company Could Sell Rights to Escrowed XRP
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