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3 weeks ago
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ARTICLE AD BOX
Alex Dovbnya
Enterprise blockchain has provided an update on its XRP holdings in a Q3 report
San Francisco-based enterprise blockchain company Ripple holds 4.43 billion tokens, according to its recently published Q3 report.
The amount of XRP held by Ripple has decreased by approximately 5.24% from the second quarter.
The total number of XRP tokens locked in the company's escrow reserve has dropped by roughly 1.5% over the same period of time (from 39.5 billion to 38.9 billion). Ripple originally locked a total of 55 billion XRP tokens (more than half of XRP's maximum supply) in escrow wallets back in 2017.
Related
As per the report, the Ripple-affiliated token experienced "elevated" trading volumes in the third quarter.
Notably, the XRP/BTC ratio logged a substantial 27% increase in the third quarter despite the fact that the Bitcoin dominance metric was on the rise.
The report identified Ripple's battle with the SEC as the key factor affecting the price of the XRP token.
Related
The seventh-largest cryptocurrency by market capitalization is changing hands at $0.51, according to CoinGecko data.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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