Jump to content
  • Sky
  • Blueberry
  • Slate
  • Blackcurrant
  • Watermelon
  • Strawberry
  • Orange
  • Banana
  • Apple
  • Emerald
  • Chocolate
  • Charcoal

Welcome to your community. We would like you to take a minute and read our newcomers guide.

Sign in to follow this  
blakicious

In 2018, Ripple sold XRP worth $535M

Recommended Posts

According to Ripple’s quarterly report for the last quarter of the year 2018 which was released this January, it sold XRP worth more than $535M in 2018.

The report further indicated that, in the final quarter of 2018, XRP tokens sales was worth $129.03 which is equal to 0.24% of global XRP volume.

 

During the 4th quarter, 3B XRP was removed from the cryptographic escrow, while 2.4 billion was brought back. The statement revealed that, the left over 600 million XRP which was not returned is being utilized in a variety of ways to help support the XRP ecosystem, including the RippleNet Accelerator Program and Xpring investments like Securitize.

Also indicated in the report, is the validity of XRP in terms of daily returns which was 5% in the last quarter, which is the lowest on record since Q4 2016. The correlation of XRP price movements in Q4 2018 returned to the elevated levels seen through the end of Q1 2018 through early Q3 2018.

 

Before the quarterly result was released, Messari (a crypto analytics firm) released a report which says that the liquid circulating supply of XRP could be overestimated by $6 billion. The firm noted that it will be unrealistic to make accurate estimates without getting the info from Ripple, which it had no access to as at the time of publication.

In January 2019, a blockchain research scholarship was launched with Ripple's support by the Institute for Fintech Research at Beijing's Tsinghua University. This program aims at bringing together China’s best graduate students in 2019 to study global blockchain regulations and industry development.  

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×