Cryptocurrency Short News

Sales of XRP Dropped by 74% as “FUD” Increases, Claims Ripple

Ripple published the quarterly XRP Markets Report to provide transparency and regular updates of the XRP market. However, the report shows that Ripple Q3 2019 sales have drop-down drastically by 74%. The Q3 total sale amounts to $66.2 million. The price of XRP declined by 35.4% as declared in
Ripple Q3 2019 sales report. This may be one of the reasons for the drop in sales.

However, Ripple claims that uptick in FUD (fear, uncertainty, and doubt) and the spread of misinformation about XRP is the main reason for Sales drop. The team encouraged the crypto industry to think above this FUD as the company is taking steps to address this misinformation and FUD.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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