Ripple to dump $690 million from January’s unlock, moves all 300 million XRP
Ripple moved all the 300 million XRP reserved for January’s budget in a single transaction, worth approximately $690 million. With that, the company sends a strong message to the market regarding what could be its dumping strategy for 2025. On January 9, at 8:16 p.m. UTC, Ripple sent 300 million XRP from the ‘Ripple (1)’ account to the ‘rP4X2h(…)’ address. This is a selling pattern that repeats every month, as Finbold reported throughout 2024, used to Ripple’s monthly XRP dumps. Since the transaction, ‘rP4X2h(…)’ has already moved 6 million XRP, still holding a 409.53 million XRP balance. Picks for you Donald Trump now holds over $11 million in crypto 2 hours ago Gate.io launches a startup airdrop program featuring a Camino Netw...