CandleFocus Here’s what happened to Ripple’s prepared ‘largest XRP dump’ in 7 years
2024-11-08
Author: Content Editor
Ripple has unlocked 1 billion XRP and is preparing for its largest sell-off in seven years. Within five days, the company has already moved 470 million XRP to third parties, with the potential for increased activity throughout November. This is different from previous months, where Ripple would gradually sell off a smaller amount of XRP. The company also relocked 530 million XRP into escrows for February 2028. The market remains strong, with XRP trading at $0.55, up 7.12% in the last seven days. However, caution is advised as Ripple still holds a significant amount of unsold XRP that could enter the market in November.
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