On May 13, Ripple, the largest holder of XRP, sold 150 million tokens from reserves sold out this month. The sale amounted to $75 million, equivalent to 0.25% of XRP's $28 billion capital at a token price of $0.50.
On May 1, the company released 1 billion #XRP from the initial reserve and locked it in monthly reserves until 2027. #Ripple then transferred 200 million XRP to its treasury account and locked the remaining 800 million XRP in a new escrow.
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