Ripple’s Escrow Nearing Its End, Satoshi May Have Held XRP, SHIB Burn Rate Explodes: Crypto News Digest by U.Today

Ripple's escrow nearing Its end

Ripple escrow strategy points to massive XRP flow ahead, here's what to expect

• Current Status. Ripple has 36.4 billion XRP remaining in escrow.

Ripple's XRP escrow program, with its long history, might be reaching an end. There are now predictions about when the rest of the supply might hit the market. Based on the latest trends and updated forecasts, the remaining 36.4 billion XRP in escrow could be released completely in as little as six years.

• Projected Timeline:
  • At the current 300M/month release rate – ~10 years
  • If rate increases to 400M/month in 2026 – ~7.5 years
  • With escalating unlocks (+100M/year from 2026) – as little as 6 years

If Ripple keeps up the current pace of releasing 300 million XRP each month, it'll take around 10 years to run out of the full escrow. But if the release rate goes up to 400 million XRP a month starting in 2026, the timeline drops to 7.5 years.

SHIB Burn Rate Explodes

SHIB community has ignited fresh speculation after project's burn rate surged

• Massive Burn Surge. SHIB burn rate skyrocketed 10,786%

The Shiba Inu burn rate surged an astonishing 10,786%, with over 9.5 million SHIB tokens permanently removed from circulation, according to data from Shibburn.

• Investor Pain. 88% of SHIB holders remain “Out of the Money,” holding at a loss.

Data reveals that a staggering 88% of SHIB holders are currently "Out of the Money," meaning they are holding their tokens at a loss. Still, signs of an emerging uptrend may be forming.

Satoshi May Have Held XRP

Satoshi Nakamoto may hold not only Bitcoin, Ripple's David Schwartz claims

• Court Transcript Resurfaces. A newly surfaced 2023 court document in the SEC-Ripple case hints that Satoshi Nakamoto may have held a large amount of XRP.

A document resurfaced after two years shows a suggestion that the crypto wealth of the mysterious Bitcoin creator, Satoshi Nakamoto, may consist not solely of Bitcoin.

• Schwartz's Statement. Ripple CTO and XRPL co-creator David Schwartz told the court, “Toshi, the original creator, probably held an enormous amount of XRP at that time,” referring to 2017.

XRPL co-creator and currently Ripple CTO David Schwartz stated that he believes the Bitcoin creator Satoshi Nakamoto may have held a large amount of XRP. His statement came as a response to a court’s question about similarities between Bitcoin and XRP and if anything similar to Ripple’s payment system exists on the Bitcoin blockchain.