Ripple Sells Over 5 Billion XRP Over The Last 2 Years

From the end of 2017 to today, Ripple has sold over 5 billion XRP to investors, which wereescrow account.

In 2017, the company froze 55 billion tokens. At the beginning of each new month, Ripple unfreezes one billion XRP for sale to investors. Unsold tokens are returned to the escrow account. At launch, Ripple distributed 55 billion XRPs across 11 wallets, each with 5 billion XRPs. The movement by which you can track.

From 2017 to present Rippleunfrozen 27 billion XRP for sale, and returned 21.6 billion of them to an escrow account. Over the years, investors have purchased almost 5.4 billion XRP, and 49.6 billion XRP is still held in the company's wallets. 

Regular sales are heavily criticized by the community. According to cryptocurrency holders, the sales lead to a fall in the price of XRP and cause constant stagnation in performance.

Ripple representatives have often indicated that these sales do not affect XRP price dynamics. 

Last published quarterly reportshows that Ripple's XRP revenue in the fourth quarter of last year fell by more than 80%. In addition, XRP software sales have been completely discontinued.

At the end of 2019, Ripple attracted a record 200million US dollars of venture capital in a new round of financing. The financing circle was led by investment company Tetragon, Ripple Partner SBI Holdings and Route 66 Ventures. Now the company has enough capital to continue the development of the ecosystem.