Ripple Initiates Sale of 100 Million XRP Amid Global Tensions

Ripple, amid heightened geopolitical uncertainties fueled by the Iran-Israel conflict, announces the sale of 100 million XRP tokens. The move comes amidst ongoing market turbulence, with Ripple actions posing potential implications on XRP market value.

In its monthly routine, Ripple unlocked 1 billion XRP at the start of April, followed by the transfer of 200 million tokens to its Treasury account. However, this month sale commenced later than usual, with 100 million XRP transferred to an account marked ‘rP4X2…sKxv3.’

Typically, Ripple sells its tokens to this undisclosed account, eventually channeling funds to identifiable exchange addresses. Given historical data, XRP prices tend to dip following Ripple’s token sales, with six out of eight instances correlating with market downturns.

Investor apprehensions now heighten as Ripple’s recent transaction coincides with geopolitical unrest, exacerbating market volatility. XRP, currently valued at $0.485, remains vulnerable as Ripple retains another 100 million XRP slated for potential sale later this month.

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