Ripple Unleashes 1 Billion XRP - ’NYSE Selling Bomb’ as SEC Launches Crypto ETF Review

Wall Street braces for impact as Ripple releases massive XRP holdings amidst regulatory scrutiny.

SEC Greenlights Crypto ETF Evaluation

The Securities and Exchange Commission officially enters the crypto ETF arena—just as Ripple drops a billion XRP onto the market. Timing couldn't be more suspicious if they tried. New York exchanges scramble to absorb the sudden liquidity injection while traders watch their portfolios swing wilder than a pendulum.

Market Manipulation or Strategic Play?

Ripple's bulk release triggers immediate selling pressure across major exchanges. The 'NYSE selling bomb' narrative gains traction as institutional players adjust positions ahead of potential ETF approvals. Meanwhile, the SEC maintains its trademark bureaucratic pace—studying applications while the market moves at light speed.

Traditional finance finally acknowledges crypto's staying power—right when existing players show them how volatile this game really gets. Maybe they'll learn something about market efficiency between committee meetings and coffee breaks.

Key Takeaways

• Constellation Brands cut its outlook as it warned about declining demand for beer and the effect of tariffs.
• The Modelo and Corona maker said it faced macroeconomic headwinds that have reduced consumer spending on beer.
• The news sent Constellation Brands shares down to levels not seen since the outbreak of COVID-19.

Constellation Brands (STZ) shares slumped 7% Tuesday after the alcoholic beverage giant cut its outlook on falling demand for beer and the impact of tariffs.

The Maker of Modelo Especial and Corona reported it now sees fiscal 2026 comparable, or adjusted, earnings per share of $11.30 to $11.60, versus the earlier guidance of $12.60 to $12.90.

The company expects beer sales to fall 2% to 4%, and beer operating income to sink 7% to 9%. Its prior estimate for sales was flat to 3% growth, and operating income of flat to 2% higher. Constellation blames the change in sales on "incremental macroeconomic headwinds affecting consumer demand," and operating income on "lower volumes, operating deleveraging, and additional tariffs."

CEO Bill Newlands said the company has been navigating a "challenging macroeconomic environment that has dampened consumer demand and led to more volatile consumer purchasing behavior since our first quarter." Newlands noted that "over the last several months, high-end beer buy rates decelerated sequentially, as both trip frequency and spend per trip declined," especially among Hispanic consumers. 

CFO Garth Hankinson added that in the current quarter, Constellation Brands anticipates "inventory rebalancing at the distributor level to reflect softer consumer trends, and to occur earlier than is typical for our Beer Business."

Shares of Constellation Brands tumbled to their lowest level since the COVID-19 pandemic hit in 2020. U.S.-listed shares of Budweiser parent Anheuser-Busch InBev (BUD) and shares of Sam Adams maker The Boston Beer Company (SAM) were down 2% and 1.3%, respectively, a bigger decline than stocks overall Tuesday.