XRP Token Sales Spike in Q2
Main page News, XRP

Ripple has reported $32.5M in over-the-counter XRP sales in the second quarter of 2020, according to the quarterly sales report shared yesterday by the company.

This figure represents an outstanding increase compared to Q1 sales, when the company only reported $2M in over-the-counter sales.

"Programmatic sales," which the company paused in the middle of Q3 2019 and whose decision led to three consecutive quarters of falling XRP sales, will be paused while Ripple focuses on OTC sales.

However, there is an indicator whose evolution has not been that positive. Daily volume has experienced a sharp decline compared to the previous quarter. As a result, Ripple reported an average daily volume of $196.28M in the second quarter, down from $322.6M from the first quarter.

In addition, according to the report, Ripple has been buying XRP in the secondary market. However, no other details have been disclosed.

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