Ripple sells 150 million XRP of July reserves, price struggles
Ripple, the XRP Ledger (XRP) developer and largest holder, spent 150 million XRP from this month’s reserves on July 9. The sale is worth $64.5 million , $13.5 million less than the same activity last month, as reported by Finbold. On July 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 relocked the remaining 800 million in new escrows. Additionally, the ‘Ripple (35)‘ account sent an extra 100 million tokens to the sell-off reserves , totaling 300 million XRP. Picks for you eOracle and Hexagate announce the Gate Protocol Security Oracle for a ‘DeFi Firewall’ 15 mins ago Banking giant predicts sharp interest rate cuts ...