Ripple sold 150 million XRP today, worth approximately $78 million, equivalent to 0.25% of XRP's market cap of $29.25 billion ($0.52 per token). On June 1, Ripple released 1 billion XRP from its initial allocation, which was held in escrow on a monthly basis until 2027. The company then transferred 200 million XRP to its treasury account and locked the remaining 800 million in a new escrow contract. At the same time, the "Ripple (35)" account transferred an additional 200 million XRP to the sale reserve account, bringing the total to 400 million XRP held in the reserve for sale. These sales are typically sent from the "Ripple (1)" treasury account to the untagged account "rP4X2hTa", causing market supply pressure. These newly circulated tokens typically enter cryptocurrency exchanges through intermediate addresses such as "rhWt2bhR", similar to the operations in the past few months. (Finbold)