Ripple increased XRP sales by activating an inactive address for 2 years
In February, Ripple sold 120 million of the 200 million XRP reserved for its treasury.
What is interesting in this process is that the wallet address that the company controls, which has been inactive for two years and which is marked by XRP Scan as "Ripple (52)", sent 100 million tokens worth $5.5 million to the address "Ripple (1)".
The recipient wallet is a Ripple treasury account, which is used to store liquid reserves in case of sales.
Before the unexpected transfer, the organization wiped the balance of its treasury, selling the remaining 80 million XRP. This indicates that Ripple may liquidate an additional portion of its assets beyond the usual monthly sales.
The Ripple account (52) was activated in August 2022, then he received 500 million XRP from Ripple (29). After spending 75 million on August 29, 2022, the company reused the inactive address only on February 11, 2024.
Interestingly, there are still Z25 million XRP available on his liquid balance sheet.
Source: https://happycoin.club/ripple-uvelichila-prodazhi-xrp-aktivirovav-bezdejstvuyushhij-2-goda-adres/
