Ripple To Sell Another Large Batch of XRP $200 Million
Ripple has unblocked one billion XRP tokens that were stored on escrow accounts, the experts of the Whale Alert analytical service informed.
Two equal tranches
This operation was carried out in two stages, each of 500 million XRP tokens. Having learned the current rate, you can easily calculate the total market value of the coins issued, which exceeded 203 million US dollars.
Regular XRP sales
The sale of XRP tokens is a significant part of Ripple's profit. So, for example, in the fourth quarter of 2019, the company sold coins for more than 13 million US dollars, and in the second quarter, this amounted to 251.5 million US dollars.
Also, Ripple co-founder Jed McCaleb is engaged in regular sales of a large number of XRP: he sold more than 1 billion tokens between 2014 and 2019.
At the end of last month, the employees of the analytical company Messari came to the conclusion that XRP inflation is 20%. The main reason is Ripple's policy, which provides for the regular sale of a large number of coins.