Ripple Sold Billions of $XRP — Yet Price Is Up Over 31,000%
Despite ongoing criticism, data shows that Ripple and its executives have sold more than 58 billion XRP since 2012, while XRP’s price has surged over 31,000% in the same period.
When the XRP Ledger (XRPL) launched in 2012, its entire 100 billion XRP supply was created upfront, with no mining or staking. About 80% of the supply was given to Ripple, while the remaining 20% went to founders and early insiders.
Over time, Ripple introduced an escrow system to release XRP gradually and reduce market uncertainty. Today, Ripple and its executives hold around 41.5 billion XRP, meaning more than half the original supply has already been sold.
Notably, XRP’s price has risen from $0.00587 in 2013 to around $1.87, challenging the long-standing claim that Ripple’s sales suppressed XRP’s growth. Ripple’s CTO David Schwartz has stated that these sales aim to reduce centralization risks, not harm price performance.
Educational purposes only. Not financial advice.#FedWatch #Mag7Earnings #XRP $XRP
