More than 70 percent decrease in Ripple sales for the third quarter of 2019
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Answer More than 70 percent decrease in Ripple sales for the third quarter of 2019
Ripple’s sales in the third quarter of 2019 decreased significantly by 70%.
where . indicated the report The latest published on Ripple’s official website stated that sales for the third quarter of 2019 were estimated at only $66.24 million, compared to sales of $251.51 million in the second quarter.
Ripple sells XRP to institutions that want to use some of the XRP-based Ripple services.
Here are some comparative numbers and statistics about sales in the second and third quarters of 2019:
The company has about 55 billion XRP units locked in its escrow account, as the company announced in December 2017 that it had created 55 escrow accounts, each of which contained one billion XRP, in an attempt to assure investors that it would not sell what it owns at once.
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On a monthly basis, Ripple issues and takes out one billion XRP from escrow, sells part or all of it, and returns the rest to a new escrow account.
Ripple has not revealed whether it plans to sell more or less XRP in the last quarter of 2019.
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But it says it exercises “continuous discipline” in the way it handles its XRP holdings.
Read also:
Ripple Head: This Is Why Ripple’s Price (XRP) Isn’t Rising Lately
Ripple invests in BRD wallet to expand uses of XRP cryptocurrency
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