Ripple, executives sold an estimated $109B in XRP since 2012: Report

Ripple and its executives have sold more than 58.5 billion XRP, worth approximately $109 billion, since 2012, according to a report by CryptoBasic. The publication noted that at XRP's launch in 2012, 100 billion tokens were allocated to the company and its leadership to support ecosystem development. Current combined holdings for Ripple and its executives are estimated at around 41.485 billion XRP. Ripple has previously stated that it is reducing its holdings through sales to alleviate concerns about centralization. Over the same period, the price of XRP has risen by about 31,000%.