Golden Finance reported that Ripple sold 150 million XRP from this month's reserves today. The transaction is worth about $78 million, equivalent to 0.25% of XRP's market value of $29.25 billion ($0.52 per token). On June 1, Ripple released 1 billion XRP from the initial allocation, which will be held in custody on a monthly basis until 2027. Subsequently, the company transferred 200 million XRP to its treasury account and locked the remaining 800 million in a new custody contract.