{"id":544266,"date":"2023-07-25T14:33:56","date_gmt":"2023-07-25T14:33:56","guid":{"rendered":"https:\/\/uniquehot.com\/?p=544266"},"modified":"2024-06-11T07:46:05","modified_gmt":"2024-06-11T07:46:05","slug":"ripple-xrp-sales-jump-in-2023","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-xrp-sales-jump-in-2023\/","title":{"rendered":"Ripple&#8217;s XRP Sales Jump Significantly In 2023, But Is This Bearish For The Altcoin?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ripple\u2019s sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP\u2019s price action.\u00a0<\/span><\/p>\n<h2>What Has Happened With Ripple\u2019s Sales?<\/h2>\n<p><span style=\"font-weight: 400\">Compared to 2022, Ripple sold 37% more XRP per month in 2023, and a recent <a href=\"https:\/\/twitter.com\/Leerzeit\/status\/40402946?s=20\" rel=\"nofollow\">tweet<\/a> by Mr. Huber, an influencer in the XRP community, drew many\u2019s attention to this development.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/elon-musk-incorporates-dogecoin-symbol\/?swcfpc=1\">Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price<\/a><\/div>\n<p><span style=\"font-weight: 400\">&#8220;Ripple sold 2.22 billion XRP since 2023 started. That&#8217;s about 315 million per month. About 50% more than the usual 200 million in 2022. Now the crying is about to start. But I can reassure you. It is not XRP Tards who have bought these 2.2 billion XRP and XRP has outperformed anyway. No matter what you feel,&#8221; Huber said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is important to mention that Mr. Huber initially made a mistake regarding the percentage increase in monthly sales from last year, which stands at 37% against the 50% he initially tweeted. He, however, quickly corrected it in a follow-up tweet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite this, 37% remains a lot, and these figures will undoubtedly raise eyebrows about what is going on with Ripple and how XRP\u2019s price will react to these sales, whether it will bring about a massive rise in XRP\u2019s price or a steady decline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">XRP\u2019s circulation does justice to these claims, as the number of XRPs in circulation has grown exponentially. XRP\u2019s circulating supply was 50.334 billion at the beginning of the year but now stands at 52.554 billion after Ripple&#8217;s sales and monthly escrow releases. That is an additional 2.2 billion XRPs put in circulation since January and a 4.4% increase, and the year is far from over.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2021, Ripple sold 2 billion XRPs, amounting to 166 million XRPs being sold on an average monthly basis. In 2022, it sold 2.75 billion XRPs, an average of 230 million tokens sold monthly.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/UMrSoXRL\/\" alt=\"Ripple ( XRP) price chart from Tradingview.com\" width=\"2884\" height=\"1758\"><\/p>\n<pre style=\"text-align: center\">XRP holding steady above $0.7 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">In 2023, Ripple has sold 2.22 billion XRPs since the start of the year, amounting to an average of 315 million tokens sold monthly since January. That proves that Ripple has increased XRP sales massively since 2021.<\/span><\/p>\n<h2>What Does This Mean For Ripple And Its Community?<\/h2>\n<p><span style=\"font-weight: 400\">These figures could be both good and bad news for XRP and its community. On the positive side, it shows that there has been a greater demand for the token over the years, which signifies growth and wider adoption of the token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This demand may mainly be coming from institutional investors, which could undoubtedly expand the use cases of XRP beyond the cryptocurrency space. While on the negative side, having so much XRP in circulation without a deflationary mechanism could reduce the token\u2019s value.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/altcoin\/binance-announces-listing-worldcoin\/?swcfpc=1\">Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits<\/a><\/div>\n<p><span style=\"font-weight: 400\">For now, XRP\u2019s price seems to be feeling the heat as the altcoin\u2019s price is down 4.89% in the last 24 hours to trade at $0.688. Nevertheless, its daily volume is up 8.69%, pointing to a rise in trading activity.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP\u2019s price action.\u00a0 What Has Happened With Ripple\u2019s Sales? Compared to 2022, Ripple sold 37% more XRP per month in 2023, and a recent tweet by Mr. Huber, an influencer in the XRP community, drew many\u2019s attention to this development.\u00a0 Related Reading: Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price &#8220;Ripple sold 2.22 billion XRP since 2023 started. That&#8217;s about 315 million per month. About 50% more than the usual 200 million in 2022. Now the crying is about to start. But I can reassure you. It is not XRP Tards who have bought these 2.2 billion XRP and XRP has outperformed anyway. No matter what you feel,&#8221; Huber said. It is important to mention that Mr. Huber initially made a mistake regarding the percentage increase in monthly sales from last year, which stands at 37% against the 50% he initially tweeted. He, however, quickly corrected it in a follow-up tweet. Despite this, 37% remains a lot, and these figures will undoubtedly raise eyebrows about what is going on with Ripple and how XRP\u2019s price will react to these sales, whether it will bring about a massive rise in XRP\u2019s price or a steady decline.\u00a0 XRP\u2019s circulation does justice to these claims, as the number of XRPs in circulation has grown exponentially. XRP\u2019s circulating supply was 50.334 billion at the beginning of the year but now stands at 52.554 billion after Ripple&#8217;s sales and monthly escrow releases. That is an additional 2.2 billion XRPs put in circulation since January and a 4.4% increase, and the year is far from over.\u00a0 In 2021, Ripple sold 2 billion XRPs, amounting to 166 million XRPs being sold on an average monthly basis. In 2022, it sold 2.75 billion XRPs, an average of 230 million tokens sold monthly.\u00a0 XRP holding steady above $0.7 | Source: XRPUSD on Tradingview.com In 2023, Ripple has sold 2.22 billion XRPs since the start of the year, amounting to an average of 315 million tokens sold monthly since January. That proves that Ripple has increased XRP sales massively since 2021. What Does This Mean For Ripple And Its Community? These figures could be both good and bad news for XRP and its community. On the positive side, it shows that there has been a greater demand for the token over the years, which signifies growth and wider adoption of the token.\u00a0 This demand may mainly be coming from institutional investors, which could undoubtedly expand the use cases of XRP beyond the cryptocurrency space. While on the negative side, having so much XRP in circulation without a deflationary mechanism could reduce the token\u2019s value. Related Reading: Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits For now, XRP\u2019s price seems to be feeling the heat as the altcoin\u2019s price is down 4.89% in the last 24 hours to trade at $0.688. Nevertheless, its daily volume is up 8.69%, pointing to a rise in trading activity.\u00a0 Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":544321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,88695,4531,13172,10972,78763],"class_list":["post-544266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-holdings","tag-xrp","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Ripple&#039;s XRP Sales Jump Significantly In 2023<\/title>\n<meta name=\"description\" content=\"Ripple\u2019s sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see\" \/>\n<meta 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