Fintech startup Ripple sold XRP tokens for $ 66.24 million in the third quarter. This is 74% less than the previous indicators.</p>
The company received $ 50.12 million from direct sales to institutional clients, and programmed sales amounted to $ 16.12 million.
3 billion tokens left the old escrow account. Only 2.3 billion returned to the new one.
The price of XRP fell by 35.4% during this period, and the average 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%).
As of mid-October, XRP transaction speed is 3.8 seconds, network throughput — 1500+ Tps, and commission — $0.0003, says 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.