Ripple Labs has published its first quarter XRP markets report on its official website to provide transparency in the asset market.. Here are the most striking data in Ripple 2021 first quarter report…
Ripple 2021 Q1 Markets Report
Ripple 2021 first quarter report, corporate sales updates It also contains striking data about XRP.. The most striking thing in the report is that Ripple increased its XRP sales in the first quarter of 2021.. In addition, the metrics of XRP whales are quite surprising!
Digital payments giant Ripple announced that it increased its XRP sales in the first quarter of this year.. A report published on the Ripple website says that XRP sales nearly doubled in the first quarter compared to the last quarter of 2020, due to increased customer demand for its cross-border transfer solution known as On-Demand Liquidity (ODL).
“Ripple’s total XRP sales rose from $76.27 million in the previous quarter to $150.34 million last quarter. Increase in XRP sales can be attributed to high demand from private ODL customers. Ripple has not conducted programmatic selling in over a year. As part of providing increased XRP liquidity to improve the ODL experience of private customers; Continued sales to support ODL and key infrastructure partners, eliminate the need for pre-financing, and realize instant global payments. “
Ripple also reveals that whales quietly collected XRP in the first quarter of the year.
“At least 10 million in balance The number of “whale” wallets identified as wallets with XRP rose from 308 to 319. Likewise, the number of wallets holding 1 million to 10 million XRP rose from 1,125 to 1,196.”
Moreover, the fintech company announced that XRP’s network activities are also on the rise:
“In the last quarter, activity on the ledger increased; The number of active XRPL wallets has also increased. In the first quarter, total ledger payment volume reached $62.3 billion. This corresponded to a 23% quarter-on-quarter increase, while the total number of wallet addresses rose 15% from 2.35 million to 2.70 million.”
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