A flood of forgotten funds has quietly found its way back to XRP Ledger users, after a decentralized exchange founder scanned the entire network to track down expired escrows that holders had abandoned — some without even knowing the money was still there.
First Ledger Founder Scans Entire Network To Recover Idle FundsEscrow unlocks spiking on XRP.
Over $1,000,000 or 750,218 XRP total in Escrows just got unlocked.
The recovered funds are just one piece of a wider activity surge on the network. Data shows that deposits into automated market makers hit an all-time high of 70,735 on Feb. 28.
Error messages tied to insufficient XRP reserves also spiked above 370,000 on March 18, the highest reading in three years.
That number reflects users trying to place new offers without holding enough XRP to meet the network’s minimum balance requirements — a sign that new participants are showing up and running into the system for the first time.
Featured image from Vecteezy, chart from TradingView
