Cryptocurrencies: 2828 / Markets: 20676 Market Cap: 24h Vol:
Bitcoinist
2019-07-18 12:00:59

Ripple Labs Made $533.7M Dumping XRP in 2018, Token Still Down 82%

A new study reveals that Ripple Labs made more than half a billion dollars during the 2018 bear market by dumping pre-mined XRP tokens on to investors. Ripple Hits 19-Month Low It’s common knowledge that when Ripple was first created, all 100 billion XRP tokens in the total supply were pre-mined prior to launching. 80% of these tokens were distributed among the Co-Founders and operating bodies of the company, which over time have been routinelyRead MoreThe post Ripple Labs Made $533.7M Dumping XRP in 2018, Token Still Down 82% appeared first on Bitcoinist.com.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer