On June 1, 2026, Ripple Labs released 1 billion XRP tokens from its escrow account in three transactions, including a 500 million XRP transfer worth about $640 million. This monthly unlock is used by Ripple to fund its cross-border payment products, which rely on XRP for growth and adoption. Despite this unlock, Ripple has relocked 3.5 billion tokens earlier this year and may relock 700 million more from June's release, keeping the escrow balance at around 33 billion XRP. The impact on XRP's market value depends on whether Ripple sells tokens OTC or on exchanges, with large exchange deposits potentially increasing selling pressure.
Bitwise launched its first tokenized fund, the $259 million Bitwise Crypto Carry Fund (USCC), featuring XRP alongside Bitcoin, Ether, and Solana as equal assets. The fund uses a market-neutral basis trade strategy, buying spot assets and shorting fut...
Global crypto exchange-traded products experienced $1.67 billion in outflows last week, extending a three-week total of $4.21 billion in withdrawals. Bitcoin-linked funds led the selloff with $1.44 billion withdrawn, marking the largest weekly outflo...
Institutional investors have sold $1.67 billion in Bitcoin and other crypto assets in the past week, marking the third consecutive week of outflows and the second-largest weekly outflow this year. Bitcoin led the sell-off with $1.438 billion withdraw...
Ripple released one billion XRP tokens from escrow worth over $1.33 billion, raising concerns about increased supply as XRP trades near a multi-month low. Despite this, bullish sentiment surged with funding rates up 151%, indicating traders expect a ...
Veteran trader Peter Brandt has shifted his stance by identifying XRP, alongside Solana and Ethereum, as leading cryptocurrencies for practical, real-world transactions. This marks a notable change given his previous criticism of XRP and its communit...
