Ripple’s XRP almost doubled in 2023

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:

“Bitcoin only works if miners can expect to not only offset hardware and energy costs with their sales, but also beating inflation and generate additional profits. A technology that is ultimately dependent on eternal price increases.”

Mr. Huber on Twitter

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’s independence of financial incentives tied to price appreciation might make investors opt for it as a choice for cross-border payments and remittances.