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5 Views • Apr 15, 2024 • Click to toggle off description
Ripple moves to sell 100 million XRP tokens on Sunday, following Iran-Israel conflict escalation news and a cryptocurrency market crash. The prominent, yet controversial, company is XRP‘s largest holder, responsible for recurrent monthly sell-offs that potentially impact the asset’s price.
In April, Ripple unlocked 1 billion XRP as it does on the first day of every month. After that, the company sent 200 million tokens to its Treasury account labeled as ‘Ripple (1)‘ on XRPScan.
However, this month’s expected sell-off took longer than usual to start, which usually occurs in the first seven working days. Moreover, the unusual aspects of this month’s sell-off continue with Ripple’s most recent activity on April 14, Sunday.
In particular, half of the reserves left the ‘Ripple (1)’ account this morning, with an approximate value of $50 million. The 100 million XRP tokens were still idle in the ‘rP4X2…sKxv3‘ by press time. Ripple usually sells its tokens to this unlabeled account, which later deposits the funds to known cryptocurrency exchange addresses.
cryptonews.net/en/28864098/
Views : 5
Genre: Science & Technology
License: Standard YouTube License
Uploaded At Apr 15, 2024 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
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RYD date created : 2024-04-15T10:37:02.20818Z
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@garyrobinson4847
9 months ago
Thank you Scott 🖖
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