Ripple sells 80 million XRP of its unlocked tokens in January
Ripple has already sold half of the 200 million XRP reserved for its treasury, following the unlock of 1 billion tokens in January. On January 16, the company spent 80 million from the second half of the reserved tokens, which could create selling pressure on exchanges. Notably, Ripple sent the 80 million XRP, worth $45.6 million , to the same account that previously received Ripple’s sell-offs. ‘Ripple (1)’, the company’s treasury account, sent the tokens to ‘rP4X2…sKxv3’, currently idle on this account’s balance. Interestingly, the former still has a remaining balance worth more than $26.4 million USD in 46.34 million XRP. In this context, the payment could be routed through two other intermediate addresses before reaching centralized exchange accounts if this sell-off behaves like the most recent one reported on January 9. XRP price analysis and the Ripple effect Cryptocurrency Injective set to unlock $150 million in tokens; What’s next for INJ token? ...