Ripple Reports Doubled Q3 XRP Sales

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Total News – Atlanta, GA 10/26/2018. Technology company Ripple has reported that its XRP token sales revenue have doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018. ​

Source: Ripple

In the Q3 2018 XPR Markets Report, Ripple announced it has sold $163.33 million of XRP in Q3, up from $73.33 million in Q2. The biggest chunk came from Institutional Direct Sales which accounts for $98.06 million. Institutional Direct Sales was only $16.87 million in Q2.

Ripple also sold $65.27 million worth of XRP programmatically. This represents 0.17% of total XRP volume traded globally in Q3.

The report also noted that volatility of XPR was light for most of Q3 then jumped in the last two weeks of the quarter.

Source: Ripple

Notably, 3 billion XRP was release out of escrow accounts (1 billion each month) although 2.6 billion XRP was subsequently put into new escrow contracts.

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