In the first quarter report published by Ripple (XRP), it was noteworthy that the company sold $100 million more XRP compared to the previous quarter.
Ripple, which has gained a heavy spot on the agenda with its legal struggle with the SEC, has published its report for the first quarter of 2023. In the report, the company’s XRP sales and the increasing volume on the XRP side drew attention.
Ripple, which sold $226 million in XRP in the last quarter of 2022, made sales of about $361 million in the first quarter of this year.
Ripple’s First Quarter Report Draws Attention
Ripple (XRP) has released its report for the first quarter of 2023. In this report, the company talked about the classic XRP sales and the volumes on the XRP Ledger side.
According to the report, XRP Ledger, Ripple’s blockchain network, increased its volume by 34 percent in the first quarter of 2023. Reaching a volume of $115 million, XRP Ledger remained strong according to Ripple. Moreover, the trading volume of XRP also reached $1 billion in the first quarter.
Ripple, adopting a cautious structure in general and adapting to market conditions, raised the bar in company sales. The company attracted attention in the market with a sale of $ 361 million XRP.
Referring to the banking crisis and the turmoil created by its US regulators, Ripple underlined that it acted cautiously during this period.
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