Ripple’s XRP sales have surged in 2023, with the company selling approximately 2.22 billion XRP since the start of the year.
XRP’s community influencer Mr. Huber was among the first to draw attention to the increased sales. He revealed that Ripple’s monthly XRP sales have risen 37% since last year.
In 2022, Ripple sold a total of 2.75 billion XRP, averaging 230 million monthly. Since the beginning of 2023, the company behind XRP already sold 2.22 billion tokens, which means an average of 315 million monthly
Mr. Huber further notes that the myth surrounding Bitcoin’s perpetual price appreciation might also influence perceptions of XRP. He noticed that the major crypto relies too heavily on miners:
While some argue that XRP can perform poorly and still retain value for its utility in transactions, others point out that XRP’s potential is not solely reliant on its price performance.
XRP independence of financial incentives tied to price appreciation might make investors opt for it as a choice for cross-border payments and remittances.