According to CoinMeta, Wu said that the 10-Q filing submitted by the grayscale XRP trust ETF to the US SEC shows that the fund sold XRP worth over $180 million in the first half of 2026, with its holding volume decreasing from 122.23 million at the end of 2025 to 55.04 million as of June 30. Affected by share redemptions, it has incurred a loss of $34.16 million through the sale of XRP, with an additional unrealized loss of $17.47 million. During the same period, the price of XRP fell from $1.84 to $1.05, a decrease of over 40%.