Ripple has released its Q3 2018 XRP Markets Report highlighting that the company sold over $163 million in XRP in the last 90 days. This was achieved by the company irrespective of the high volatility of the market in Q3.
The most striking part of the report was that the institutional direct sales increased to $98.06 million, in comparison to Q2’s $16.87 million. This is an increase of almost 500%.
“In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $98.06 million worth of XRP in institutional direct sales”
Programmatic sales has also seen a significant increase of $8.61 million, compared to Q2. The total sales of XRP has increased from $73.53 million in Q2 to $163.33 million in Q3.