Data shows that Ripple has purchased nearly $11 billion worth of XRP since being sued by the U.S. Securities and Exchange Commission (SEC).
According to the company’s public information disclosure, it has been purchasing XRP from the open market since 2020 (only “paused for a few days” during the US banking crisis in March this year).
Ripple has previously stated that the purpose of doing this is to “support a healthy XRP market” while ensuring an adequate supply of XRP tokens for its “On-Demand Liquidity” (ODL) business.