October 30, 2020

Ripple reported a 74% drop in XRP sales and talked about FUD

Fintech startup Ripple sold XRP tokens for $ 66.24 million in the third quarter. This is 74% less than the previous indicators.

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The company received $ 50.12 million from direct sales to institutional clients, and programmed sales amounted to $ 16.12 million.

Ripple reported a 74% drop in XRP sales and talked about FUD

Second and Third Quarter Comparison, Ripple Data

3 billion tokens left the old escrow account. Only 2.3 billion returned to the new one.

The price of XRP during this period fell by 35.4%, and the averagethe daily trading volume decreased by more than 53% to $ 198.1 million. At the same time, the daily volatility was 3.6%, which is lower than that of bitcoin (3.9%) and Ethereum (4.3%).

Ripple reported a 74% drop in XRP sales and talked about FUD

Bitcoin and XRP Volatility Comparison, Ripple Data

As of mid-October, the transaction rate in XRP is 3.8 seconds, network bandwidth is 1500+ Tps, and the commission is $ 0.0003, according to Ripple.

During the quarter, bots are allegedly more activedistributed FUD in relation to XRP, accusing Ripple of pressure on the price due to massive sales and market manipulations. This is not true, the company assured.

According to The Information, Ripple has $ 305 million in bank accounts. The startup also owns $ 15 billion in XRP tokens.

The reporting for the second quarter can be found here.