Despite the fact that a petition to the company Ripple with a demand to stop the dump XRP signed by more than 3,000 investors, yesterday, 3 September, the company brought to market a 1 billion XRP tokens.
500,000,000 #XRP (130,130,714 USD) transferred from Ripple to Ripple wallet Escrow
Tx: https://whale-alert.io/transaction/ripple/9479E74779378110E2E38A9C92690B2E6654C8A83CD94E284C6FED2A90898B90 …
200,000,000 #XRP (51,974,090 USD) transferred from Ripple to Ripple wallet Escrow
Tx: https://whale-alert.io/transaction/ripple/C7890ED7140BAB1D4B7F86D93AEAC6B83C490FFFA6B1EC65A5D22B63928CDAC7 …
This is the last major transaction from Ripple. Also last week, the company moved XRP in the amount of $132 million on an unknown budget. The transaction occurred two days after the head of the Ripple brad Garlinghouse said that his company has reduced the sale of XRP. In an interview with Forbes, he defended the sale of tokens in their company. According to him, the current sales are carried out XRP only for a more widespread adoption of the coins and to help the business of other companies.
However, after a few hours of 800 million XRP back to escrow wallet Ripple — perhaps it was indicative of the reaction to the outrage from investors in XRP.
500,000,000 #XRP (131,218,427 USD) locked in escrow at Ripple
Tx: https://whale-alert.io/transaction/ripple/0ECCB576AEE1B58F25AE7148B985CD3EE472F2E889DE657B335D474DD9EF84E3 …
200,000,000 #XRP (52,950,974 USD) locked in escrow at Ripple
Tx: https://whale-alert.io/transaction/ripple/B614D3BCE2D7C7A6C0BFE69808560CEFC569EE4BB0A50D53AC0667B08BB7FA79 …
100,000,000 #XRP (26,475,487 USD) locked in escrow at Ripple
Tx: https://whale-alert.io/transaction/ripple/7EF173E27F1CB09ABEEE7F7451C0D5C7355193EE80C98B11A15EFA2FE7ECDA6F …
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But then the Ripple again transferred 50 million XRP — hence, the distribution continues.
50,000,000 #XRP (13,103,317 USD) transferred from Ripple to Ripple wallet OTC Distribution
Tx: https://whale-alert.io/transaction/ripple/3C0549A0A4B6EFC252702A229F6D935781FBC2BA16F8A833296F16886D0B5FCA …
In fact , the company Ripple looks good with the regular news of the conclusion of the partnership with banks and financial institutions worldwide. This helps to expand the adoption of the platform company called xRapid, that uses a token XRP.
However, the news did not affect the price of XRP is one of the worst tokens this year, which has lost almost 27%, causing serious losses to investors in XRP.
Over the past two months XRP’s market capitalization has almost halved, falling from $20 billion to $11 billion today. The price of XRP is also located at the lowest level for the year and currently hovers around $0.26. And while there are no serious prerequisites for the resumption of growth of the asset, the company continues to Ripple money by selling tokens.