Ripple sold $129M worth of XRP in Q4 of 20186

In Q4 2018, Ripple sold a total of $129.03 million worth of XRP, $40.15 million of which was sold in institutional direct sales by a Ripple subsidiary, XRP Markets Report states. More than 30 new exchanges began listing XRP, making the currency available on over a hundred exchanges. Moreover, nine exchanges, including Binance, listed ripple as a base pair against other digital assets. Interestingly, Q4 noted the lowest average volatility of the cryptocurrency since Q4 2016—5 per cent—paired up with increasing daily volume (average $585.7M).

Each month a billion XRP was released out of escrow, 2.4 billion of which was returned; the remaining 600 million was used to help the ripple ecosystem, especially RippleNet Accelerator Program and Xpring investments.

Original source
https://www.theblockcrypto.com/tiny/ripple-sold-129m-worth-of-xrp-in-q4-of-2018/

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