April

when

<div class="finbold">
 <p class="paragraph">Ripple has prepared its treasury account for what could be the largest monthly XRP dump since 2017. The company has reserved 400 million XRP tokens worth $208 million for its sell-off in June.</p>
 <p class="paragraph">Every month, Ripple—the largest XRP holder and entity behind the XRP Ledger development—sells part of its reserves, inflating the circulating supply.</p>
 <p class="paragraph">As usual, it unlocked 1 billion XRP, worth $520 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, on June 1. This happened through the XRP Ledger escrow system from two labeled accounts: ‘Ripple (24)‘ and ‘Ripple (25).’&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Global crypto investors population surpasses half-a-billion mark, study shows <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell-off alert as 4 trillion SHIB sent to exchanges in two weeks <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    ChatGPT-4o predicts XRP's price after rollout of Ripple's stablecoin <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    2 cryptocurrencies to reach $100 billion market cap in the second half of the year <span class="self-center text-xs text-slate-500">19 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">However, in addition to the usual 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> tokens sent to the treasury each month, the dormant account ‘Ripple (35)‘ added another 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP to ‘Ripple (1),’ which could mean the company is preparing for a larger dump this month.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="379" src="https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp" alt="" class="wp-image-180134" srcset="https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp 1024w, https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp 300w, https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp 768w, https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp 1536w, https://cdn.thebittimes.com/images/2024/06/02/e842ee63f4488c4b869e166fd0d88694.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (1) transactions history. Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-ripple-xrp-reserves-and-escrow-activity-in-may"><strong>Ripple XRP reserves and escrow activity in May</strong></h2>
 <p class="paragraph">As developed, ‘Ripple (24)’ first sent the 200 million XRP for May’s sell-off to ‘Ripple (1)’. Later, the account sent 300 million tokens to ‘Ripple (13)’ and re-locked the amount for an escrow to September 2027.</p>
 <p class="paragraph">In the meantime, ‘Ripple (25)’ sent the 500 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> unlocked tokens to ‘Ripple (12),’ locking them up until October 2027. All these transactions can be verified on-chain through the block explorer <em>XRP Scan</em>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="556" src="https://cdn.thebittimes.com/images/2024/06/02/f54ccd5437363c6a8b0ab92a03f9c053.webp" alt="" class="wp-image-180135" srcset="https://cdn.thebittimes.com/images/2024/06/02/f54ccd5437363c6a8b0ab92a03f9c053.webp 1024w, https://cdn.thebittimes.com/images/2024/06/02/f54ccd5437363c6a8b0ab92a03f9c053.webp 300w, https://cdn.thebittimes.com/images/2024/06/02/f54ccd5437363c6a8b0ab92a03f9c053.webp 768w, https://cdn.thebittimes.com/images/2024/06/02/f54ccd5437363c6a8b0ab92a03f9c053.webp 1344w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Monthly Ripple (XRP) unlock – June, 2024. Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="ripple-historical-dumps">Ripple historical dumps</h2>
 <p class="paragraph">Since 2017, when it implemented escrows, Ripple has systematically reserved no more than 350 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP for its monthly dumps.</p>
 <p class="paragraph">The company has sometimes kept part of the month’s reserves, waiting for a better sell-off opportunity in the following months. Conversely, other months saw a superior dump of what was previously reserved, never surpassing 400 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP.</p>
 <p class="paragraph">In 2024, Ripple sold 226 million, 260 million, 240 million, 200 million, and 200 million from January to May, respectively.</p>
 <p class="paragraph">Interestingly, Ripple implemented the escrow system in 2017 due to investors’ complaints about the lack of transparency in the ongoing dumps, which heavily affected prices. Nevertheless, despite the increased transparency, the supply inflation economic effects continue impacting XRP performance.</p>
 <h2 class="wp-block-heading" id="strong-xrp-price-analysis-amid-ripple-sell-offs-strong"><strong>XRP price analysis amid Ripple sell-offs</strong></h2>
 <p class="paragraph">It is noteworthy how Ripple sales directly impact XRP’s price, considering the supply pressure they create on the spot market. Historically, XRP suffered a local crash most of the time Ripple sold its tokens.</p>
 <p class="paragraph">Year-to-date, only five of the 12 sell-off days had positive price action: February 5, 11, April 14, May 13, and 20. All the other seven days were of local crashes, evidencing the importance of monitoring the company’s activities.</p>
 <p class="paragraph">Moreover, XRP had a negative monthly performance in three of the first five months of 2024, year-to-date.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="662" src="https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp" alt="" class="wp-image-180136" srcset="https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp 1024w, https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp 300w, https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp 768w, https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp 1536w, https://cdn.thebittimes.com/images/2024/06/02/b8f1ec21e0d516f080867d192b7bae95.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD daily price chart, with Ripple dump activity. Source: <em>TradingView</em> / Finbold (Vini Barbosa)
  </figcaption>
 </figure>
 <p class="paragraph">As of this writing, XRP trades at $0.515. Therefore, investors should closely monitor Ripple’s dumps in June, as they could slow down an expected bull rally this cycle.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-could-sell-400-million-xrp-in-june-largest-dump-in-7-years-tbt90943.html">https://thebittimes.com/ripple-could-sell-400-million-xrp-in-june-largest-dump-in-7-years-tbt90943.html</a></p>

Ripple could sell 400 million XRP in June; Largest dump in 7 years

Table of Contents

TheBitTimes

Other articles published on Jun 2, 2024

Babylon Secures Major Investment for Staking

Ethereum Classic – Expect this buying opportunity from ETC’s price IF…

Kryll³ Launch: Listed on MEXC as Kryll jumps into AI-Powered Crypto Trading

Top Multiplayer Games To Play on Binance Smart Chain (BSC)

The Novice MoonBag Coin Becomes a Pro as Solana and Dogeverse Fade Out

Top Trending Crypto Coins on DEXTools – Kelp DAO, Truebit, Vent Finance

Join our free newsletter for daily crypto updates!