Ripple increased sales of XRP tokens by 31% in the first quarter (updated)

California-based Fintech startup Ripple published a financial report for the first quarter of 2019, which refers to an increase in sales of XRP tokens by 31% compared to the previous quarter. Thus, the company sold tokens for $ 169.42 million.

The Q1 '19 XRP Markets Report shows low volatility, steady volume and diverse growth across the XRP ecosystem. More here: https://t.co/WtxAvalPjP pic.twitter.com/8IrsMlbPCX

– Ripple (@Ripple) April 24, 2019

Of these, institutional clients acquired XRP for $ 61.93 million, and $ 107.49 million tokens were sold in accordance with a given algorithm directly on the market. At the same time, the total trading volumes of XRP on the global market decreased by 2% – from $ 54.82 billion to $ 53.85 billion.

Note that the old escrow account in the first quarter left 3 billion XRP, and the new received 2.3 billion XRP.

Also, the price of the token in the first quarter of 2019 showed the lowest volatility since the end of 2013.

APDATE

According to the Block , a Californian startup sold tokens for $ 890 million (34.4% to exchanges; 65.6% to institutionalists).

Aggregate Sales, The Block Data

Comparison of sales to individual major customers and exchanges

Recall that Ripple intends to invest $ 100 million in game developers on the blockchain through a joint fund with the Forte platform.

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