Ripple unlocked its scheduled 1 billion $XRP tokens from escrow on February 1, 2026, a routine monthly event part of its long-standing supply management strategy. Historically, such releases have a muted direct impact on price because Ripple typically re-locks 60% to 80% of the tokens. However, the most recent unlock coincided with a sharp 19% to 24% price drop on February 5, 2026, driven largely by broader market sell-offs and forced liquidations in the derivatives market.