Ripple, the creator of XRP, transferred 150 million XRP tokens worth $66 million to various crypto wallets from its reserves. Despite this, the price of XRP remained unaffected. The altcoin has been facing market pressure for a while now. In July, Ripple released 1 billion XRP, sending 200 million to its vault account and retaining the rest. An additional 100 million tokens were sent from the 'Ripple (35)' account, totaling 300 million XRP. The tokens were then moved to different wallets, eventually reaching centralized exchanges like Bitstamp and Bitso. These transactions contribute to the inflation of XRP supply. Ripple's token sales have historically impacted XRP prices, with most sales leading to price drops. The current price of XRP is down by over 30% this year, trading at around $0.44. The movement of XRP tokens suggests a need for better liquidity, prompting transfers to exchanges for potential sales. Read more AI-generated news on: https://app.chaingpt.org/news