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Ripple’s OTC Trading Operation Creates Multi-Million Dollar Crypto Wave

Anca Florentis by Anca Florentis
March 6, 2019
in Ripple
Ripple

Ripple’s first over-the-counter sale of XRP has attracted the attention of many crypto whale watchers as 60,000,000 XRP worth about $19 million were moved to an unknown third party wallet.

The San Francisco-based Ripple sells parts of its XRP holdings in over-the-counter deals during the course of the year, meaning that the deals are negotiated long before the selling date at an established price.

? 60,000,000 #XRP (19,038,280 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet

Tx: https://t.co/hJeI6bLZx2

— Whale Alert (@whale_alert) March 5, 2019

This month’s scheduled transfer created a massive wave as a large amount of Ripple’s XRP was shifted to an unknown wallet. Ripple releases one billion XRP on a monthly basis from its escrow accounts to be able to have enough readily available to sell to accredited investors, institutions and crypto exchanges. The remaining funds are locked back into escrow at the end of the month.

Ripple issues each quarter thorough records of its sales. Its most recent report states that $129.03 million worth of XRP were sold in the fourth quarter of 2018, and a value worth of $535.56 million was sold during the entire year.

“In Q4 2018, three billion XRP was again released out of escrow (one billion each month). 2.4 billion XRP was returned and subsequently put into new escrow contracts.

The remaining 600 million XRP not returned to escrow is being used in a variety of ways to help support the XRP ecosystem, including the RippleNet Accelerator Program and Xpring investments like Securitize.”

Currently, Ripple is in control of 53.5 billion XRP, which is estimated to be around 54% of the total supply. XRP is currently being traded at $0.317587, with a circulating supply of 41,432,141,931 XRP.

Tags: Crypto whale alertMonthly sellOTCRippleXRP
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Anca Florentis

Anca Florentis

Investigative Journalist | Adoption Reporter | Human-Centered Crypto Storyteller
Anca Florentis is a journalist and market researcher whose work sits between investigative reporting and human-centered crypto storytelling. At TheCCPress, she covers adoption, market transparency, founder and company narratives, and the social consequences of crypto expansion across different regions. Her writing is built around people, incentives, and public trust rather than abstract market chatter.

“A strong crypto story should explain not only what happened, but who it affected and why trust changed.”

Profile
- Gender: Female
- Born: July 1993
- Based: Cluj-Napoca, Romania
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, people, adoption, company stories, regulatory tension

Experience
Anca’s background spans financial reporting, fintech journalism, and crypto research. She has worked on stories involving European regulation, cross-border payments, DeFi adoption, and early Bitcoin use cases, which gives her a broad base for narrative journalism that remains grounded in evidence. At TheCCPress, she is especially useful when a story needs both reporting discipline and a human-centered angle.

Background
She studied economics and international business before deepening her work in digital media and communication. That combination shaped her reporting style: structurally aware, curious about systems, but still focused on the people and organizations moving through those systems. She is particularly effective on pieces where institutional language hides a more personal or social conflict underneath.

Achievements
Anca has contributed feature reporting, event coverage, founder interviews, and market-context journalism across European crypto and fintech topics. Her strongest contributions are stories that connect adoption or regulation with people, incentives, and trust rather than treating those issues as abstract themes.

Work Style
She writes with a measured investigative tone and tends to work from interviews, documented context, and narrative framing rather than short-form reaction. That makes her a strong fit for TheCCPress sections where the goal is to explain how a story unfolded and why it matters beyond a single market cycle.

Skills
Anca’s key strengths include investigative journalism, market research, founder and company profiling, regulatory reporting, feature writing, and cross-border crypto context. She is especially valuable on stories that need both narrative depth and factual discipline.

Additional Information
Within the new site structure, Anca fits naturally in investigations/controversy, people/founders, people/institutions, and selected stories/company-sagas. She helps TheCCPress sound more like a real editorial publication and less like a generic crypto feed.

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