The Impact of Ripple Dumping 75% of May XRP Reserves in Single Sell-Off

Tuesday, 14 May 2024, 11:22
Ripple sold 150 million XRP tokens worth $75 million, impacting 0.25% of $28 billion XRP capitalization. The selling activity inflates XRP supply by 0.25%, causing potential pressure on spot market prices. Ripple's sales history correlates with XRP price volatility, with most sell-off days resulting in local price crashes.
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The Impact of Ripple Dumping 75% of May XRP Reserves in Single Sell-Off

Ripple Sells 75% of May XRP Reserves

Ripple, the largest XRP holder, sold 150 million tokens from this month's sell-off reserves on May 13.

The Impact on Market Price

The recent sale represents 0.25% of XRP's $28 billion capitalization and may create supply pressure, affecting the price of XRP.

If the pattern continues, supply pressure may lead to significant market fluctuations.

  • The sale is worth $75 million, holding a notable portion of XRP reserves.
  • Ripple's selling activity has historically impacted XRP market prices, with a trend of local crashes following token dumps.
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