💰Ripple sold $163 million of XRP during the third quarter

According to the company's most recent transparency report Ripple sold $163 million of ($XRP) amounting to 0.43 percent of global volume during the third quarter of 2018. Of the total, $98.06 million was sold directly to institutions and $65.27 million was sold through programmatic sales. During the quarter 3.0 billion XRP was released as part of a pre-determined escrow schedule and 2.6 billion was returned to smart contracts to remain in escrow. In the fourth quarter of 2017 Ripple created a system that locked the company's 55 billion XRP in order to create certainty around the sale of tokens. Due to the lockup, Ripple has access to only 13 percent of the total XRP in circulation.

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.