Skip to content

Massive sell-off: Ripple dumps the remaining 250 million XRP from June

Massive sell-off: Ripple dumps the remaining 250 million XRP from June

Ripple, the XRP Ledger (XRP) developer and largest holder, sold 250 million XRP from this month’s reserves on June 20. The amount is worth $122.5 million, representing 0.44% of XRP’s $27.20 billion capitalization at $0.49 per token

On June 1, the company released 1 billion XRP from the initial distribution, locked in monthly escrows until 2027. Ripple then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows.

Additionally, the ‘Ripple (35)‘ account sent an extra 200 million tokens to the sell-off reserves, totaling 400 million XRP. This was the company’s largest sell-off preparation for a single month, which is now completely sold out.

As usual, the selling activity resulted from the treasury account, labeled ‘Ripple (1),’ sending tokens to the unlabeled account ‘rP4X2hTa‘. This action causes XRP supply inflation—by putting tokens that have never circulated before into circulation for the first time.

Ripple (1) account summary, assets, transactions. Source: XRPScan

Ripple’s 400 million XRP dump in June

So far, the amount remains in the ‘rP4X2hTa’ account, which will likely be distributed to ‘rhWt2bhR‘ and other intermediary addresses before landing in cryptocurrency exchanges. The first 150 million XRP dump in June has already fully left this intermediary address and reached the market.

‘rP4X2hTa’ account summary, assets, transactions. Source: XRPScan

XRP price analysis amid Ripple sell-offs

It is noteworthy how Ripple sales directly impact XRP’s price, considering the supply pressure they create on the spot market. Historically, XRP suffered a local crash most of the time Ripple sold its tokens.

Year-to-date, only five of the 14 sell-off days had positive price action: February 5, 11, April 14, May 13, and 20. All nine other days were of local crashes, evidencing the importance of monitoring the company’s activities.

Moreover, XRP’s year-to-date monthly performance has been negative in three of the first five months of 2024. 

XRP/USD daily price chart. Source: TradingView / Finbold

As of this writing, the token is heading to another losing month amid one of the largest dumps from Ripple. XRP was trading at $0.488 by press time, down 5.5% from June 1. Therefore, investors should closely monitor Ripple’s sell-offs in the next months, as they could slow down an expected bull rally this cycle.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.