Digital asset manager and investment firm grayscale reportly dumping ripple (xrp) stellar (xlm) stakes
Grayscale world's largest digital asset manager has reportedly dumped significant portion of its xrp and xlm holdings
Data from bybit a derivatives crypto currency exchange shows grayscale xrp holding declined more than 9.18 million on dec 24
This brings total xrp holding of grayscale to 26.5 million xrp worth around $5 million dollar
Grayscale also dumped its stellar (xlm) holdings around 9.7 million xlm bringing total holding to 9.19 million xlm worth $1.27 million
Grayscale are currently managing over $19.7 billion dollar worth digital asset under management were bitcoin holding takes over 87% of its total portfolio
After Security Exchange Commission filled lawsuit against ripple grayscale slowly started dumping it's ripple and stellar holdings
Many analyst believe this move might be temporary and they did rebuy both ripple and stellar after price dropped more than 60%
Nothing is quite clear yet as grayscale openly didn't make any comment publicly while people panic seeing the data.
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