Bitcoin

April

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 <p class="paragraph">Ripple sold $52 million worth of 100 million XRP tokens from this month’s sell-off reserves on April 24. This dump marks the end of April’s tokens unlock, and the company prepares for May’s 1 billion XRP release.</p>
 <p class="paragraph">On April 1, Ripple released 1 billion of its tokens from the initial distribution, locked in monthly escrows until 2027. The company then sent 200 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP to its treasury account and locked the <a rel="noopener noreferrer nofollow" title="remaining" href="https://thebittimes.com/tag/remaining.html">remaining</a> 800 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in new escrows.</p>
 <p class="paragraph">Notably, Ripple sold the first half on April 14 amid geopolitical tensions with an escalation of the Iran-Israel conflict. This was the longest waiting period recently observed for Ripple’s monthly sell-offs, which concluded on April 24.</p>
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 <p class="paragraph">As usual, the two selling activities resulted from the treasury account, labeled <em>Ripple (1)</em>, sending 100 million XRP to the unlabeled account <em>rP4X2…sKxv3</em>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="243" src="https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp" alt class="wp-image-171882" srcset="https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp 1024w, https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp 768w, https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp 1536w, https://cdn.thebittimes.com/images/2024/04/26/52d3e0e04254aa496a4439fb958deec6.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ripple (1) account summary, assets, transactions. Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-what-happened-to-ripple-april-s-sell-offs">What happened to Ripple April’s sell-offs?</h2>
 <p class="paragraph">After receiving the first 100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> this month, Ripple’s destination account <em>rP4X2…sKxv3</em> distributed some tokens to four unlabeled accounts. However, the distributed amount surpassed 120 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP, which is higher than what was received, likely using previous reserves.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2024/04/26/eacf524f63c72d585385166c7d8417a3.webp" alt class="wp-image-171885" srcset="https://cdn.thebittimes.com/images/2024/04/26/eacf524f63c72d585385166c7d8417a3.webp 1024w, https://cdn.thebittimes.com/images/2024/04/26/eacf524f63c72d585385166c7d8417a3.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/eacf524f63c72d585385166c7d8417a3.webp 768w, https://cdn.thebittimes.com/images/2024/04/26/eacf524f63c72d585385166c7d8417a3.webp 1344w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>rP4X2…sKxv3</em> account summary, assets, transactions. Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <p class="paragraph">Following Ripple’s second selling activity, the account distributed over 152 million XRP to three of the same unlabeled accounts, of which 2 million were for a different one.</p>
 <p class="paragraph">In particular, <em>rhWt2…E32hk</em> received the most of April’s <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>offs. This account has been constantly used as an intermediary step for Ripple’s <a rel="noopener noreferrer nofollow" title="dumps" href="https://thebittimes.com/tag/dumps.html">dumps</a>, relaying the unlocked XRP to labeled centralized exchange addresses.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="280" src="https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp" alt class="wp-image-171887" srcset="https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp 1024w, https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp 768w, https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp 1536w, https://cdn.thebittimes.com/images/2024/04/26/612de9411ce851b4d3ab22f4fdd00879.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>rP4X2…sKxv3</em> account summary, assets, transactions. Source: <em>XRPScan</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="xrp-price-analysis">XRP price analysis</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">In 2024, only three out of 10 <a rel="noopener noreferrer nofollow" title="sell-" href="https://thebittimes.com/tag/sell.html">sell-</a>off days had positive price action: February 5, 11, and April 14. All the other seven days were of local crashes, evidencing the importance of monitoring the company’s activities.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="662" src="https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp" alt class="wp-image-171888" srcset="https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp 1024w, https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp 768w, https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp 1536w, https://cdn.thebittimes.com/images/2024/04/26/7a3d8f0c788fe8f99248b198fc5df5e6.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD daily price chart, Ripple sell-off illustrated. Source: <em>TradingView</em>/Finbold
  </figcaption>
 </figure>
 <p class="paragraph">As of this writing, XRP was trading at $0.52 per token, down nearly 5% from Ripple’s most recent dump.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-dumps-the-remaining-100-million-xrp-of-april-s-sell-off-tbt86667.html">https://thebittimes.com/ripple-dumps-the-remaining-100-million-xrp-of-april-s-sell-off-tbt86667.html</a></p>

Ripple dumps the remaining 100 million XRP of April’s sell-off

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