Ripple’s Ongoing XRP Sales: Impact on XRP Price Amid SEC Lawsuit and Market Trends

Ripple, the developer and largest holder of XRP Ledger’s (XRP) tokens, expended 150 million XRP from its reserves on July 9. This sale amounted to $64.5 million, showing a decrease of $13.5 million from similar activity last month. According to available data, Ripple’s continuous offloading of its reserves is causing inflationary pressure on the XRP

Source: CoinOtag