Press "Enter" to skip to content

Ripple sold 250 million dollars XRP in 3 months

Blockchain

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.

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.

 

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.