Ripple XRP holdings below 50% For First Time
0For the first time in the history of the firm, the amount of XRP tokens held by Ripple Lab has fallen below 50% of the entire circulating quantity. Some have questioned Ripple's disproportionately substantial holding of XRP coins in the past, claiming that this provides the business consolidated control over its XRP Ledger (XRPL). Ripple responded to that complaint once more in a Q3 report released on October 27 while also pointing out that its XRP holdings continue to slip below 50 billion tokens, or 50% of the entire supply. The company's ownership of XRP has been used by detractors to argue that Ripple controls the XRP Ledger.
According to the report, Ripple's total net sales of XRP for the third quarter fell to $310.68 million from $408.9 million in the second quarter.
Source: https://cointelegraph.com/news/ripple-reports-xrp-holdings-below-50-for-the-first-time
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