The last quarterly report, Ripple, XRP sales in the second quarter of 2018 decreased by 54,96% compared with the beginning of the year.
From January to March, was sold XRP in the amount of $167.7 million, while figures from April to June amounted to $75.53 million At the same time, direct selling XRP II subsidiaries Ripple grew from $16.6 million (in the first quarter) to $16.87 (in the second). As for automated programmatic sales, they decreased by 62.5%, falling from $151,10 million to $56,66 million
However, according to Ripple, the decline is partly due to bearish trend at this period, on the stock market. In the company’s report said:
“The strong correlation indicates that the market is still in its infancy. Traders continue to determine intrinsic value of a top digital assets. Over time, however, when you start to stand out the most useful and valuable tokens, we should expect greater separation in performance of the various alithinou”.
It should be noted that Ripple finds this period very successful from the point of view of the number of new customers. The document also mentioned that during the last quarter the company withdrew from your escrow store 3 billion XRP, but then came back 2.7 billion XRP.
Summing up, the company has concluded that the success of the Ripple on the background of falling prices XRP “indicate the independence of token XRP from Ripple”.
This statement is particularly noteworthy in connection with the sounding of the recent allegations of the company in securities fraud. Vs Ripple was filed three lawsuits, the essence of the claims which lies in the fact that XRP is an unregistered action.
However, CEO brad Garlinghouse (Brad Garlinghouse) denies the fact, and the company adopts various measures of autonomy of the token, to avoid breaking US law.
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