Odaily Planet Daily News Ripple sold 150 million XRP today, worth about $78 million, accounting for 0.25% of the XRP market value of $29.25 billion ($0.52 per token). On June 1, Ripple released 1 billion XRP from the initial allocation and locked it in monthly escrow until 2027. Subsequently, Ripple sent 200 million XRP to its treasury account and locked the remaining 800 million in a new escrow contract. In addition, the "Ripple (35)" account sent an additional 200 million tokens to the sell-off reserve, totaling 400 million XRP. These sales activities are usually sent from the "Ripple (1)" treasury account to the unmarked account "rP4X2hTa", triggering market supply pressure. (Finbold)
