The latest data from Ripple and its API service indicates that the firm’s XRP holdings now stand at 45.55 billion, reflecting a decrease of over a billion from the figures reported in the previous quarter.
Prominent American payment firm Ripple has published its Q4 2023 report capturing the XRP market. The report reveals Ripple’s XRP holdings at the end of both the third and fourth quarters of 2023.
Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory and licensing wins, and the latest on XRP Ledger integrations.https://t.co/5cuMXiVBjl
— Ripple (@Ripple) February 8, 2024
Notably, Ripple issues its quarterly XRP report voluntarily. It aims to offer transparency and consistent updates pertinent to XRP and related announcements observed during the preceding quarter.
Ripple XRP Portfolio at 2023 Q3 and Q4 End
According to the Q4 2023 update, Ripple held 5,258,162,324 (5.25 billion) XRP in spendable wallets at the conclusion of Q3. Also, it had 41,300,000,005 (41.3 billion) XRP in its escrow wallets. Collectively, the payment firm controlled 46.55 billion XRP as of September 30, 2023.
Meanwhile, the latest report indicates that by the end of Q4, Ripple’s XRP holdings have significantly decreased over the 92 days. In particular, Ripple’s spendable XRP in balance dropped by 180,503,629 XRP tokens to 5,077,658,695.
Similarly, its escrow balance dipped by 600 million tokens to 40,700,000,005. Cumulatively, Ripple managed 45.77 billion XRP in available balances and escrow as of December 31, 2023. This figure reflects a decline of over 780 million tokens from the end of the previous quarter.
Ripple Sold Over 1B XRP
Furthermore, recent figures accessible via Ripple’s API suggested the payment firm’s XRP portfolio has dipped even further within the past 30 days.
According to the data, the latest entry for Ripple’s distribution as of January 28 revealed a spendable balance of 5,051,745,091 XRP. Additionally, it indicated that Ripple currently holds 40.5 billion XRP in escrow.
Essentially, Ripple now manages 45,551,745,096 in both accessible and non-accessible wallets.
In contrast to the values at the beginning of 2023 Q4, where Ripple held 46.55 billion XRP, the comparison suggests that the payment firm has sold 1,006,417,233 (1.006 billion) XRP.
At the prevailing value of $0.5228 per XRP, this equates to a total XRP sale of $526,154,929 over the course of 120 days.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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