{"id":545489,"date":"2023-08-02T13:00:19","date_gmt":"2023-08-02T13:00:19","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=545489"},"modified":"2024-06-11T07:56:33","modified_gmt":"2024-06-11T07:56:33","slug":"number-of-xrp-that-ripple-currently-holds","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ripple\/number-of-xrp-that-ripple-currently-holds\/","title":{"rendered":"Here’s The Total Number Of XRP That Ripple Currently Holds"},"content":{"rendered":"

Ripple Labs Inc., the company behind the XRP token, has <\/span>released<\/span><\/a> its Q2 XRP Markets report. As part of the report, the company shared its XRP holdings as of March 31, 2023, and June 30, 2023.\u00a0<\/span><\/p>\n

Ripple\u2019s XRP Holdings<\/h2>\n

Ripple revealed that its XRP holdings fall into two categories; wallet-held XRPs and ones in escrow lockups (Ripple releases one billion XRP monthly as part of its monthly token unlock). As of March 31, 2023 (representing the first quarter of the year), Ripple held\u00a0 5,506,585,918 XRP and a further 42,800,000,013 XRP subject to on-ledger escrow.\u00a0<\/span><\/p>\n

Related Reading: Over $28 Million In SHIB Withdrawn From Exchanges Ahead Of Shibarium Launch<\/a><\/div>\n

Meanwhile, as of June 30, 2023 (representing the second quarter of the year), the company held 5,551,119,094 XRP, and a further 41,900,000,005 XRP were subject to on-ledger escrow.\u00a0<\/span><\/p>\n

From the report, Ripple grew its XRP holdings in Q2 as the Q2 figures are slightly up from the Q1 figures. However, its XRP tokens in escrow at the end of Q2 slightly reduced compared to the Q1 figure.\u00a0<\/span><\/p>\n

\"Ripple<\/p>\n

XRP price still holding $0.69 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Ripple Addresses Popular Misconceptions<\/h2>\n
Ripple also addressed<\/a> some misconceptions from the recent court ruling that XRP isn\u2019t a security. On July 13, 2023, Judge Analisa Torres ruled in favor of Ripple in the ongoing case between the crypto company and the United States Securities and Exchange Commission (SEC).<\/span><\/p>\n
The first misconception Ripple addressed in the report was whether or not the ruling was a split decision, as several media outlets had tagged Ripple\u2019s victory again the SEC as a \u2018partial victory.\u2019 The crypto firm has debunked this claim by categorically stating that the ruling isn\u2019t a split decision.\u00a0<\/span><\/p>\n
Ripple stated that the ruling was a big win for its firm and the crypto industry as it provides regularity clarity not only for Ripple but also to other token issuers, as they can now determine that their tokens, in and out of themselves, are not securities.\u00a0<\/span><\/p>\n
Related Reading: BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says<\/a><\/div>\n
The company also stated in the report that its XRP tokens were never a security. It admitted that there are instances where XRP (just like \u201can orange grove or a gold bar\u201d) can be sold as an investment contract. However, such events don\u2019t \u201cmagically transform\u201d the token into a security.\u00a0<\/span><\/p>\n
Ripple\u2019s XRP enjoyed a significant rally following the court\u2019s ruling, but there remain concerns that an appeal from the SEC could see the token lose most of its gains from the post-lawsuit rally. As of the time of writing, XRP is trading at $0.69, according to data from <\/span>CoinGeko<\/span><\/a>.<\/span><\/p>\n
Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple Labs Inc., the company behind the XRP token, has released its Q2 XRP Markets report. As part of the report, the company shared its XRP holdings as of March 31, 2023, and June 30, 2023.\u00a0 Ripple\u2019s XRP Holdings Ripple revealed that its XRP holdings fall into two categories; wallet-held XRPs and ones in escrow lockups (Ripple releases one billion XRP monthly as part of its monthly token unlock). As of March 31, 2023 (representing the first quarter of the year), Ripple held\u00a0 5,506,585,918 XRP and a further 42,800,000,013 XRP subject to on-ledger escrow.\u00a0 Related Reading: Over $28 Million In SHIB Withdrawn From Exchanges Ahead Of Shibarium Launch Meanwhile, as of June 30, 2023 (representing the second quarter of the year), the company held 5,551,119,094 XRP, and a further 41,900,000,005 XRP were subject to on-ledger escrow.\u00a0 From the report, Ripple grew its XRP holdings in Q2 as the Q2 figures are slightly up from the Q1 figures. However, its XRP tokens in escrow at the end of Q2 slightly reduced compared to the Q1 figure.\u00a0 XRP price still holding $0.69 | Source: XRPUSD on Tradingview.com Ripple Addresses Popular Misconceptions Ripple also addressed some misconceptions from the recent court ruling that XRP isn\u2019t a security. On July 13, 2023, Judge Analisa Torres ruled in favor of Ripple in the ongoing case between the crypto company and the United States Securities and Exchange Commission (SEC). The first misconception Ripple addressed in the report was whether or not the ruling was a split decision, as several media outlets had tagged Ripple\u2019s victory again the SEC as a \u2018partial victory.\u2019 The crypto firm has debunked this claim by categorically stating that the ruling isn\u2019t a split decision.\u00a0 Ripple stated that the ruling was a big win for its firm and the crypto industry as it provides regularity clarity not only for Ripple but also to other token issuers, as they can now determine that their tokens, in and out of themselves, are not securities.\u00a0 Related Reading: BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says The company also stated in the report that its XRP tokens were never a security. It admitted that there are instances where XRP (just like \u201can orange grove or a gold bar\u201d) can be sold as an investment contract. However, such events don\u2019t \u201cmagically transform\u201d the token into a security.\u00a0 Ripple\u2019s XRP enjoyed a significant rally following the court\u2019s ruling, but there remain concerns that an appeal from the SEC could see the token lose most of its gains from the post-lawsuit rally. As of the time of writing, XRP is trading at $0.69, according to data from CoinGeko. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":545508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,88207,4531,10972,78763],"class_list":["post-545489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-lawsuit","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nHere's The Total Number Of XRP That Ripple Currently Holds<\/title>\n<meta name=\"description\" content=\"Ripple Labs Inc., the company behind the XRP token, has released its Q2 XRP Markets report. 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