Ripple sold $408.9 million worth of XRP in Q2, compared to the $273.27 million sold in Q1.
Despite the adverse events, Ripple’s performance in Q2 has been quite successful, the report said. In May, the organization
with Lithuania’s FINCI to provide retail remittances and business-to-business settlements via its On-Demand Liquidity .another partnership – this time with the Singaporean fintech firm FOMO Pay. Per the agreement, the latter will utilize Ripple’s ODL technology to achieve low-cost and swift cross-border payments in two of the leading fiat currencies: the dollar and the euro .
It is also worth observing how the entity managed its native token holdings during the second quarter of the year. Per the report, it parted with over $408.9 million worth of XRP, considerably more than the $273.27 million sold in Q1.In addition, Ripple continued to support a green environmental future by committing $100 million to accelerate carbon removal activity. The financing will support developer tools that enable carbon credit tokenization, such as non-fungible tokens on the XRP Ledger.
To prove his point, he outlined previous bear markets that reigned over in the recent past, including the Dot Com bubble in the late 1990s and the 2018 digital asset winter. Prominent companies like Amazon, eBay, and Booking survived the crash last century and now stand as giants in their fields. For its part, bitcoin overcame the turbulence four years ago, reaching its peak levels in 2021.
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