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Ripple sells 150 million XRP from June reserve today

CointimeCointime2024/06/07 14:02
By:Cointime

Ripple sold 150 million XRP from its reserves today, worth about $78 million, which is 0.25% of the XRP market value of $29.25 billion (each token is $0.52). On June 1st, Ripple released 1 billion XRP from its initial allocation, and these tokens will be held in escrow until 2027. Subsequently, the company transferred 200 million XRP to its treasury account and locked the remaining 800 million in a new escrow contract.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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