BEARISH 📉 : Ripple and executives sold 58.515 billion XRP since 2012

Ripple and its executives have been selling XRP since its launch in 2012. Originally, XRP had a fixed supply of 100 billion tokens, with 80 billion allocated to Ripple and 20 billion to founders and early insiders.

XRP Allocation and Current Holdings

  • Ripple and executives currently hold around 41.485 billion XRP.
  • Ripple holds approximately 37.685 billion XRP, with 34.185 billion locked in escrow.
  • Chris Larsen controls about 2.5 billion XRP, Arthur Britto 1.3 billion XRP, and David Schwartz historically held up to 26 million XRP.
  • 58.515 billion XRP have been sold or distributed by Ripple and executives since 2012.

Market Impact and Price Appreciation

  • The initial market price of XRP was $0.00587 in August 2013; it now trades near $1.88, marking a 31,756% increase.
  • An escrow system implemented in 2017 locks XRP, releasing up to 1 billion XRP monthly, limiting supply shocks. Currently, 34.185 billion XRP remain in escrow.
  • The total value of sold XRP at today's prices is roughly $109 billion.
  • The phased and managed distribution approach has coincided with sustained price growth, suggesting strategic sales have not hindered long-term market performance.

XRP price chart from Tradingview.com