A wealth-focused market expert is pushing back against a fast-spreading claim in the XRP community: that Ripple is “dumping” XRP on the market to fund operations and suppress price.
In a detailed breakdown, Kamilah Stevenson argues that this narrative collapses once you examine who Ripple has been selling to, where those tokens go, and what shows up — or doesn’t — on public exchanges.
Ripple’s XRP Sales: Private Deals, Not Exchange Dumping
According to Dr. Kamilah Stevenson, Ripple has not sold XRP directly to any public exchange since 2019.
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That point, she stresses, is documented in Ripple’s own quarterly market reports, which are publicly available. Instead, “every single XRP that Ripple has sold has gone directly to institutions, private deals, negotiated agreements, off the open market entirely.”
The video draws a sharp line between speculative trades on exchanges and institutional purchases via private contracts.
These institutional buyers, she says, are acquiring “operational inventory” to build financial infrastructure, not tokens to flip on a price move. Deals are reportedly structured with NDAs, escrow, specific release schedules and long-term terms that are unavailable to retail.
The key rule Kamilah Stevenson offers: XRP’s price is moved by tokens entering or leaving public exchanges. Transfers between private wallets, including institutional wallets, are effectively invisible to price discovery because they never touch the order books where supply and demand meet.
The Math: $40 Billion Sold Versus $4 Billion On Exchanges
Ms. Stevenson also cites on-chain data & Ripple disclosures claiming that more than 40 billion XRP have been sold to institutions through private deals over time, while public exchanges have “never held more than 4 billion XRP at any point in time.”
If institutions were dumping those holdings back onto exchanges, she argues, exchange balances “would have exploded” and visible selling pressure would have been unavoidable.
Instead, she contends, roughly 40 billion XRP sit in institutional wallets off-exchange, outside the tradable float.
That separation between total supply and available supply, she says, is often missed by retail traders who look only at the headline 100 billion XRP figure.
From her perspective, institutional accumulation is quietly shrinking the liquid float while demand-side infrastructure — aided by gradual regulatory clarity, including ongoing attention on measures like the Clarity Act — continues to develop.
Kamilah Stevenson frames this as a positioning story: institutions accessing XRP via private channels at current price levels, while some long-term holders are shaken out by fear-based narratives.
She also briefly pivots to tax and custody strategy, pointing viewers toward holding XRP and other assets in tax-advantaged structures such as a Roth IRA through a specific platform, arguing that structure will matter if a future “supply squeeze” materializes.
The takeaway is less about cheer-leading XRP and more about mechanics: who controls the float, what shows up on exchanges, and how on-chain and exchange data can be used to test emotionally compelling claims about “dumping” or price suppression.
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People Also Ask:
Not exactly. Dr. Kamilah Stevenson claims Ripple still sells XRP, but only through private institutional deals since 2019, not directly to public exchanges.
The host points to Ripple’s quarterly reports, on-chain data on institutional wallets, and the relatively low XRP balances historically held on exchanges versus the 40 billion XRP sold privately.
By changes in the amount of XRP held on public exchanges; private wallet transfers, including institutional movements, are described as price-neutral unless they eventually hit exchange order books.
