Ripple reported a 74% drop in XRP sales and talked about FUD

Fintech startup Ripple sold XRP tokens for $ 66.24 million in the third quarter. This is 74% less than the previous indicators.

The Q3 XRP Markets Report is here. Read the latest on #XRP sales, volume, On-Demand Liquidity traction and more. https://t.co/sAo7DXqvyw

– Ripple (@Ripple) October 18, 2019

The company received $ 50.12 million from direct sales to institutional clients, and programmed sales totaled $ 16.12 million.

Second and Third Quarter Comparison, Ripple

3 billion tokens left the old escrow account. Only 2.3 billion returned to the new one.

The XRP price for this period fell by 35.4%, and the average daily trading volume decreased by more than 53% to $ 198.1 million. At the same time, the daily volatility was 3.6%, which is lower than that of bitcoin (3.9 %) and Ethereum (4.3%).

Bitcoin and XRP Volatility Comparison, Ripple Data

As of mid-October, the transaction rate in XRP is 3.8 seconds, network bandwidth is 1500+ Tps, and the commission is $ 0.0003, according to Ripple.

During the quarter, bots allegedly more actively distributed FUD in relation to XRP, accusing Ripple of pressure on the price due to massive sales and market manipulations. This is not true, the company assured.

According to The Information , Ripple has $ 305 million in bank accounts. The startup also owns $ 15 billion in XRP tokens.

The reporting for the second quarter can be found here .

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