Crypto
Ripple sold 58.5 billion XRP over 13 years, price up 31,000 percent
Ripple and company insiders are estimated to have sold or released about 58.5 billion XRP since the XRP Ledger’s 2012 launch, even as XRP’s price rose more than 30,000 percent, the report said. XRPL has a fixed supply of 100 billion XRP, created at launch, with no mining or staking issuance. Ripple holds 3.5 billion XRP available and 34.185 billion in escrow. Critics cite centralisation concerns, while the industry expects sales and escrow releases to affect short-term moves.
