Ripple Sold $ 150 Million XRP In The First Three Months Of 2021

Ripple made public its XRP markets report for the first three months of 2021.

Ripple has released its XRP markets report covering the first quarter of this year. Accordingly, Ripple sold $ 150 million worth of XRP in the first three months of 2021. In the report, it was stated that open positions in XRP futures doubled from $ 250 million to $ 500 million, and this figure increased to $ 2.1 billion for a while in the first two weeks of the second quarter. In addition, in the ongoing litigation process between Ripple and SEC, the developments in the first quarter were listed chronologically and the need for legal clarity for the cryptocurrency industry in the USA was once again highlighted.

XRP Sale of 150.34 Million Dollars

In the report in question, it was noted that Ripple sold a net worth of $ 150.34 million XRP in the first three months of the year. The net figure in the previous quarter was recorded as 76.27 million dollars. In the last quarter of last year, approximately $ 35 million worth of XRP were purchased from the market, while no purchases were made in the last quarter. On the other hand, according to the announced volume data, the average daily volume, which was 1.61 billion dollars in the previous quarter, was announced as 2.26 billion dollars in the first quarter. As before, it was stated that Ripple unlocks 1 billion XRP from escrow wallets every month for three months, and a total of 2.7 billion XRP is re-sent to escrow wallets and locked. Finally, it was noted that the number of "whale" wallets that held at least 10 million XRP in the first quarter increased from 308 to 319, and the number of wallets with 1 to 10 million XRP increased from 1,125 to 1,196.