Ripple dumps the remaining 50 million XRP of May reserves
Ripple sold the remaining $27 million worth of 50 million XRP tokens from this month’s sell-off reserves on May 20. This dump marks the end of May’s tokens unlock, and the company prepares for June’s 1 billion XRP release. On May 1, Ripple released 1 billion of its tokens from the initial distribution, as it does monthly. The company then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. Notably, Ripple sold 75% of these reserves on May 13 at prices nearly 10% lower than this most recent activity. As usual, the two selling activities resulted from the treasury account, labeled Ripple (1) , sending 200 million XRP total to the unlabeled account rP4X2…sKxv3 . Picks for you Bitcoin short squeeze: $85M in BTC shorts liquidated in 24 hours 19 mins ago ...