Analysis: All XRP tokens belong to Ripple Labs, with the company holding 80% of the shares and the founder monopolizing 20% of the shares. In 2017, they locked up 55 billion tokens and sold them until now

Odaily Planet Daily News: According to 0xTodd, a partner at Wuwei Capital and a crypto KOL, a reminder was posted on the X platform that Ripple Labs, the company behind Ripple, has owned all 100 billion XRP tokens from the beginning. In its token economy model, there is no mining, no IC0, no distribution, no token economy, and no 3,3 model, only a simple and crude "80% belongs to the company; 20% belongs to the founder". In 2017, the project self locked 55 billion XRP tokens and agreed to sell a maximum of 1 billion tokens per month to achieve huge profits.