This year, Ripple has sold 37% more XRP per month than last year, triggering concerns and bullish sentiments among investors. Ripple’s XRP sales have continued to increase over the past two years. This year, the financial technology behemoth has sold 37% more XRP per month than in 2022. This development has raised both bullish sentiments […] The post Ripple Sells 2.23B XRP in 2023 as Monthly XRP Sales Increases by 37% first appeared on The Crypto Basic.

Ripple Sells 2.23B XRP in 2023 as Monthly XRP Sales Increases by 37%

This year, Ripple has sold 37% more XRP per month than last year, triggering concerns and bullish sentiments among investors.

Ripple’s XRP sales have continued to increase over the past two years. This year, the financial technology behemoth has sold 37% more XRP per month than in 2022. This development has raised both bullish sentiments and concerns.

In a recent tweet, Mr. Huber, an acclaimed sleuth and XRP community influencer, first drew the public’s attention to the development.

Ripple Has Sold 2.22B XRP This Year

He rightly pointed out that Ripple has sold 2.22 billion XRP over the past seven months of this year. This is an average of 315 million XRP sold by the technology company every month since January. A close look at XRP’s circulating supply substantiates these claims.

Notably, XRP’s circulating supply stood at 50.334 billion at the start of this year. However, due to the monthly escrow releases and XRP sales, this figure has increased to 52.554 billion. This signals a 4.4% increase in circulating supply this year and an additional 2.22 billion tokens.

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