Number of XRPs held by Ripple, the developer of XRP, in its wallet There was a decrease of hundreds of millions of units.
Blockchain company Ripple published its report for the third quarter of the year. According to the report, the transaction volume on XRP Ledger’s DEX increased in the quarter It has grown more than 3 times.
DEX, which has been operating continuously since the establishment of XRP Ledger, allows users to Buy and sell XRP or other tokens It allows.
Even though there was an increase in volume in the second quarter 99.3 million transactions While this number was made in the third quarter 90.4 million happened.
Ripple scored a legal victory against the US Securities and Exchange Commission (SEC) on October 19. The SEC dropped its charges against the company’s CEO Brad Garlinghouse and Chairman Chris Larsen.
According to the statement made by Ripple, SEC, “He will not be able to try again in the future and bring up these allegations.”
According to CoinGecko data, XRP price has increased in the last 14 days. 22.6% increase showed.
Ripple management also shared information about the change in the amount of XRP in its wallet from quarter to quarter.
of the company in your wallet While the number of XRPs found moved from the second quarter to the third quarter From 5.55 billion XRP to 5.25 billion XRP fell.
XRPs held in escrow account are From 41.9 billion to 41.3 billion declined. Ripple can only access XRPs in its escrow account. as it is deducted from the account monthly can access.