Ripple plans its largest monthly XRP dump since 2017 with 400 million tokens.
Whale activity highlights significant interest from large investors, despite bearish trends.
Setting aside 400 million XRP tokens valued at $208 million for a June sell-off, Ripple has prepared its treasury account for what may be the biggest monthly XRP dump since 2017. The biggest XRP holder and the company driving XRP Ledger development, Ripple, sells some of its reserves each month to raise the amount in circulation.
As usual, on June 1, Ripple used the XRP Ledger escrow mechanism to unlock 1 billion XRP, or $520 million, from two accounts designated “Ripple (24)” and “Ripple (25).”
Ripple’s June Sell-Off: 400 Million XRP Tokens Reserved
The dormant account “Ripple (35)” added 200 million XRP to “Ripple (1)” in addition to the regular 200 million tokens given to the Treasury each month, indicating a potentially bigger dump this month.
Source: XRPScan
First sending 200 million XRP to “R

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