Ripple Sells 150 Million XRP for $64.5M after Price Drops 8% in a Week

Ripple, the developer and largest holder of XRP, has recently sold 150 million XRP from its July reserves for approximately $64.5 million, represents a decrease of $13.5 million compared to the company’s XRP sales in June. The sale follows Ripple’s release of 1 billion XRP from an initial distribution, with the tokens then locked in […] source: https://www.cryptoglobe.com/latest/2024/07/ripple-sells-150-million-xrp-for-64-5m-after-price-drops-8-in-a-week/