Let's break this down properly.

WHAT HAPPENED:

Ripple executed its scheduled June escrow release today.

- Transaction 1: 500M XRP

- Transaction 2: 400M XRP

- Transaction 3: 100M XRP

- Total: 1B XRP, valued at approximately $1.33B at current prices

This is a monthly event. Ripple has done this consistently since 2017. The critical detail most traders miss: Ripple re-locks the majority of each release back into escrow. Net circulating supply impact is typically a fraction of the headline number.

So the escrow release is not a sell signal. It's a scheduled treasury operation.

WHAT THE ETF DATA SAYS:

While the escrow headlines dominate, the institutional flow data tells a different story:

- Cumulative $XRP spot ETF net inflows: $1.42 billion

- Single-day inflows on May 29: $11.88M

This is institutional capital entering XRP at price levels most retail traders consider weak. Institutions see dif...