Ripple, the developer of the XRP Ledger (XRP) and its largest holder, executed a sale of 150 million XRP from this month's reserves on June 7th. With a value of $78 million, this sale accounts for 0.25% of XRP's $29.25 billion capitalization, priced at $0.52 per token.
On June 1st, the company released 1 billion XRP from the initial distribution, previously locked in monthly escrows until 2027. Following this, Ripple transferred 200 million XRP to its treasury account and locked the remaining 800 million in new escrows.
Additionally, the 'Ripple (35)' account directed an additional 200 million tokens to the sell-off reserves, bringing the total to 400 million XRP.
Typically, the selling activity originates from the treasury account, labeled 'Ripple (1),' which transfers tokens to the unlabeled account 'rP4X2hTa.' This action results in XRP supply inflation, introducing tokens that have never been in circulation before.
Ripple (1) account summary, assets, transactions. Source:XRPScan
Currently, the funds remain in the 'rP4X2hTa' account, expected to be distributed to 'rhWt2bhR' and other intermediary addresses before reaching cryptocurrency exchanges, mirroring previous months' patterns.
‘rP4X2hTa’ account summary, assets, transactions. Source:XRPScan
The correlation between Ripple's sales and XRP's price dynamics is notable, as these sales create supply pressure on the spot market. Historically, XRP experienced local price downturns during most of Ripple's sell-off events.
XRP/USD daily price chart, with Ripple dump activity. Source:TradingView/ Finbold (Vini Barbosa)
Year-to-date, only five out of the 12 sell-off days yielded positive price movements: February 5th, 11th, April 14th, May 13th, and 20th. Conversely, the remaining seven days saw local price declines, highlighting the significance of monitoring Ripple's activities.
Moreover, XRP reported negative monthly performances in three of the first five months of 2024.
As of the latest update, XRP is trading at $0.523, facing increasing supply pressure relative to its spot price. Investors are advised to closely monitor Ripple's sell-offs in June, as they could potentially impede an anticipated bullish rally during this cycle.
Dukungan mengejutkan dari mantan Ketua SEC Jay Clayton terhadap cryptocurrency, meskipun ada bentrokan hukum di masa lalu dengan Ripple, mendorong CEO Ripple Brad Garlinghouse untuk mempertanyakan ketulusan dukungan Clayton yang baru ditemukan, menimbulkan kekhawatiran tentang potensi inkonsistensi dalam sikapnya yang terus berkembang.
JasperJustin Sun mengirimkan pesan blockchain di jaringan Ethereum ke alamat para peretas yang memperingatkan mereka untuk mengembalikan dana yang diperoleh secara tidak sah dengan imbalan imbalan atau menghadapi tindakan hukum.
CatherineKolaborasi ini konon membuka saluran penjualan dan aliran pendapatan baru, menawarkan serangkaian layanan yang mencakup pembayaran, pembayaran, pembayaran lintas batas B2B, dan faktur untuk pedagang.
DavinHSBC telah bekerja sama dengan Metaco, anak perusahaan Ripple yang berspesialisasi dalam aset-aset tokenisasi, untuk memperkenalkan layanan kustodian yang aman dan dirancang khusus untuk klien institusi.
JasperDalam insiden terbaru, plugin Xumm yang menipu ditemukan bersembunyi di dalam toko web Chrome, sehingga mendorong respons yang cepat dan terkoordinasi dari komunitas XRPL yang waspada.
JoyBard AI dari Google memprediksi bahwa XRP kemungkinan besar akan menembus harga tertingginya sepanjang masa sebelum Shiba Inu dan Cardano. Faktor-faktor seperti kapitalisasi pasar, utilitas dunia nyata, dan komunitas yang kuat mendukung potensi pertumbuhan XRP.
YouQuanXumm, dompet kustodian mandiri untuk buku besar XRP, telah meluncurkan niatnya untuk memfasilitasi acara yang menampilkan biaya transaksi 0% secara eksklusif untuk transaksi yang terkait dengan Topper.
CatherineHakim Torres telah mengeluarkan arahan untuk Ripple dan SEC untuk bersama-sama mengajukan jadwal pengarahan mengenai masalah penjualan institusional XRP. Akibatnya, persidangan ditunda.
CatherinePara eksekutif Ripple telah dibebaskan dari tuduhan yang sebelumnya dikenakan terhadap mereka, tetapi perjalanan terus berlanjut karena Ripple dan SEC harus menyelesaikan solusi untuk pelanggaran penjualan XRP institusional.
CatherineEra digital telah mempersenjatai kita dengan alat penipuan dan alat kebenaran, tetapi perang melawan berita palsu sepertinya akan menjadi perjuangan yang berkelanjutan.
CatherineMeme 还是 DeFi？Trump 上台后的加密分岔路。
JinseFinance今日晚间推荐阅读：1.加密市场“黑色星期一”：到底因何暴跌 后市怎么走；2.多空分歧严重时刻 如何找到最优选？；3.人工智能训练与推理技术栈：从硅到智能；
JinseFinance坏消息一个接一个，日本和韩国全线崩盘，美国期货市场也随之崩盘。
JinseFinance隔夜BTC正在58-59k犹犹豫豫地上涨之际，一声枪响撕碎了宾州（Pennsylvania）特朗普竞选集会现场的气氛。
JinseFinance尽管美国ETF流入量惊人，但市场中性的现货自持交易似乎正在抑制买方压力，需要非套利需求进一步刺激价格走势。此外，我们还探讨了活跃地址减少与交易数量激增之间的差异。
JinseFinanceSocial media platforms, particularly Meta's, are increasingly targeted by scammers worldwide, raising concerns about user safety and the effectiveness of platform moderation. Despite efforts to combat scams, Meta's response to fabricated news and inadequate safety measures underscore the ongoing challenge of protecting users from online threats.
WeatherlyEigenLayer 发币了，但好像还不如不发。（附绕过地理封锁查询空投教程）
JinseFinanceRipple unlocks 1 billion XRP, valued at $500 million, in February, initiating strategic sell-offs. Escrow transactions and patterns observed highlight Ripple's influence on short-term price dynamics and investor sentiment in the XRP market.
Huang BoCrypto job postings on LinkedIn dropped significantly despite industry enthusiasm, but major exchanges like Coinbase and Gemini show signs of optimism amidst uncertainty over Bitcoin's stability and SEC decisions. The broader crypto landscape remains unpredictable, awaiting clarity on adoption and market trends.
JoyJinseFinance