Ripple dumps the remaining 100 million XRP of April’s sell-off
Ripple sold $52 million worth of 100 million XRP tokens from this month’s sell-off reserves on April 24. This dump marks the end of April’s tokens unlock, and the company prepares for May’s 1
billion XRP release.
On April 1, Ripple released 1 billion of its tokens from the initial distribution, locked in monthly escrows until 2027. The company then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows.
Notably, Ripple sold the first half on April 14 amid geopolitical tensions with an escalation of the Iran-Israel conflict. This was the longest waiting period recently observed for Ripple’s monthly sell-offs, which concluded on April 24.
For full story click here---- https://finbold.com/ripple-dumps-the-remaining-100-million-xrp-of-aprils-sell-off