Grayscale Slashes XRP Holdings by Over 100 Million Tokens

Grayscale has significantly reduced its exposure to Ripple's XRP in the first half of this year. The company sold 103.41 million XRP tokens, valued at $180.78M, according to a filing with the SEC.

This sale marks a substantial decrease in Grayscale's holdings, which were previously high on the list of its assets under management.

The exact reasons behind this move are unclear, but it may be related to changes in market conditions or shifts in investor sentiment towards XRP.