Ripple sold $ 535 million XRP last year | Bitcoin,Crypto and Blockchain news and dictionary

Ripple sold $ 535 million XRP last year

Ripple, the San Francisco-based distributed notebook technology company, announced last year that they sold more than half a billion dollars of XRP.

Ripple sold the XRP of $ 535.56 million in 2018, according to the fourth quarter report of 2018.

The report also stated that the sales of XRP tokens in the fourth quarter of 2018 were worth $ 129 million, which corresponds to 0.24 percent of the global XRP volume. In the fourth quarter, the average daily XRP volume was equivalent to 585.7 million dollars, which was recorded as the highest level since the first quarter of the year.

In addition, during the fourth quarter, 2.4 billion XRPs were returned and 3 billion XRPs were released from the locked account.

According to the statement, 600 million XRPs, which have not been returned, are used in a variety of ways to help support the XRP ecosystem, including Xprom investments such as the RippleNet Acceleration Program and Securitize.

The XRP, on the other hand, has recently come up with another claim. The market capitalization of XRP, as specified by CoinMarketCap and Ripple, does not reflect the reality, according to the report by the Crypto currency analysis company Messari. The company claims that the market capitalization of the XRP is over $ 6 billion. According to the company, the actual market capitalization of the XRP is $ 6.9 billion.

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