Research: Ripple has sold a total of $1.1 billion of XRP, 36% to exchanges

Ripple • July 25, 2019, 2:19AM EDT
UPDATED: July 25, 2019, 9:15PM EDT
The Block

Ripple has cumulatively sold $1.14 billion of XRP out of which 36% was sold to the exchanges and 64% was sold to the institutions, according to The Block's research.

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Ripple sold $251.5 million in XPR in Q2 2019, which is, by far, the highest quarterly sum that Ripple has ever sold. The second-highest amount of XRP was sold by Ripple last quarter.

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.