Ripple sells over $200 million of XRP in September’s selling spree
Ripple is on a selling spree, offloading a total of 350 million XRP from its treasury reserves in September. XRP price has already recovered after immediate negative reactions to Ripple’s two selling activities this month, worth approximately $200 million. In its most recent sale, the ‘Ripple (1)‘ address spent 200 million XRP, worth nearly $120 million, on September 23. Before that, the treasury account had moved 150 million XRP to the same destination address, ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3‘, on September 13. This comes from a pattern the largest XRP holder and core developer repeats every month, inflating the token’s circulating supply. In September, the company unlocked 1 billion XRP, reserving 200 million in ‘Ripple (1)’, but adding 150 million more tokens. Picks for you Underground ...