XRP Sales Has Decreased To 73 Percent in Q3
October 19, 2019 7:51 pm
Ripple, American-based Blockchain payments network has announced that it sold $66.24 million worth of XRP in Q3 2019. But there is a dip of 73.66% while comparing to the record sale worth $251.51 million in the previous quarter. The third quarterly report mentioned that Ripple had previously announced the plan to sell XRP tokens slower in Q3.
The announcement also stated:
“XRP distribution rate since the beginning of the quarter has been lower compared to the inflation rates of ETH and LTC, and similar to BTC.”
Ripple also said that it is dumping XRP on the market and manipulating its price, mentioning that a specific portion of such ideas was spread by bot accounts on Twitter.
Allegations of dip often pointed to large movements of XRP as proof, but those were in fact transfers between Ripple treasury and escrow management accounts.” Such transactions have no direct impact on the market since they do not introduce new coins to it.