Massive sell-off: Ripple dumps the remaining 250 million XRP from June
Ripple, the XRP Ledger (XRP) developer and largest holder, sold 250 million XRP from this month’s reserves on June 20. The amount is worth $122.5 million , representing 0.44% of XRP’s $27.20 billion capitalization at $0.49 per token On June 1, the company released 1 billion XRP from the initial distribution, locked in monthly escrows until 2027. Ripple then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. Additionally, the ‘Ripple (35)‘ account sent an extra 200 million tokens to the sell-off reserves, totaling 400 million XRP. This was the company’s largest sell-off preparation for a single month, which is now completely sold out. Picks for you How rich is Connecticut's senator and one of the richest U.S. politicians: Richard Blumenthal's net worth revealed ...