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Ripple Sold $226M Worth of XRP in Q4 2022, Latest Quarterly Report Reveals

Ripple bought back more XRP in Q4 2022 than in Q3 leading to reduced XRP sales net of purchases.

Ripple’s On-Demand Liquidity (ODL) XRP sales net of purchases in Q4 2022 totaled about $226.31 million.

Notably, total XRP sales in Q4 surpassed Q3 by nearly $100 million, at about $2.964 billion. However, the company recorded lower sales net of purchases during the quarter due to increased Ripple buybacks. Per the report, it bought back about $2.737 billion worth of XRP compared to about $2.508 billion in Q3. Consequently, net sales declined by about $100 million in Q4.

(By OKOYA DAVID)

XRP XRP $1.39
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