Ripple has published a report describing its sales for the second quarter of the year (Q2), and the data shows that it has sold $251 million worth of XRP cryptocurrency tokens.
Ripple is a major player in the cryptocurrency industry, coming in third place behind Bitcoin (BTC) and Ethereum (ETH).
Sales in Q2 exceeded Q1 sales by quite a margin, with $169 million worth of XRP being sold in Q1. The increase is about 50%.
The statement accompanying the report declared Ripple’s intentions to minorly reduce the volume of future tokens mined and sold. The company plans to limit corporate sales and take a more conservative approach.
Ripple sold $251.51 million XRP in Q2 2019 and is substantially reducing future sales of XRP. We believe these reduced sales are primarily to hold XRP in reserve for distribution to Ripple’s primary xRapid banking clients.
— indiazeppelin (@statesupervisch) July 25, 2019
It can be concluded that at the moment, Ripple is enjoying a good condition in the market, perhaps due to lucrative partnerships undertaken in the previous few months.