Great Change! Here is the amount of XRP that Ripple sold to whales and exchanges in 2020.
Famous payment company Ripple has announced figures for quarterly crypto money sales. According to the latest data, Ripple’s XRP sales to corporate companies and exchanges decreased by 86 percent in the first quarter of 2020 compared to the previous quarter.
Ripple’s XRP sales decrease 86 percent in the first quarter of 2020 compared to the previous quarter
Ripple has released data on the highly anticipated quarterly cryptocurrency sales. XRP sales of San Francisco-based payment company Ripple to corporate companies and exchanges fell by 86 percent in the first quarter of the year compared to the previous quarter (135080,000 vs. 1.750,000).
According to the latest data, $ 1.75 million was sold directly to institutions in XRP, and Ripple sold zero XRP on crypto exchanges, typically with programmatic sales. The report on the subject includes the following explanations:
RIPPLE CONTINUED TO SUSPEND PROGRAMMATIC SALES, FOCUSING ON OVER-THE-COUNTER (OTC) SALES TO CREATE XRP BENEFITS AND LIQUIDITY IN STRATEGIC AREAS, INCLUDING EMEA AND ASIA.
Ripple CEO: XRP sales are essential to the company’s profitability
Ripple, xrp in the 2019 third quarter, sold 251.51 million dollars has slowed considerably since the crypto-currency sales. Having more than half the total supply of the third largest cryptocurrency with its market value, the company said it sold some of its assets to finance its operations and invest in ventures.
Although investors react to the company’s XRP sales, Ripple CEO Brad Garlinghouse says XRP sales are essential to the company’s profitability. The third largest cryptocurrency, Ripple, is trading at the $ 0.22 limit, down 2 percent at the time of writing. The popular altcoin currently has a market value of $ 9.7 billion. Ripple manages a recent 24-hour transaction volume of $ 2.9 billion at the time of writing.