Ripple has released its XRP markets report covering the first quarter of 2021.
The report noted that open positions in XRP futures doubled from $250 million to $500 million, and this figure rose to $ 2.1 billion for a while in the first two weeks of the second quarter.
In addition, in the ongoing case process between Ripple and SEC, the developments in the first quarter were listed chronologically and the need for legal clarity for the cryptocurrency sector in the USA was emphasized once again.
$ 150.34 million XRP sold
In the report, it was announced that Ripple made a net sales of $150.34 million of XRP in the first quarter. The net figure for the previous quarter was $76.27 million. While approximately $35 million worth of XRP was purchased from the market in the last quarter of 2020, no purchase was made in the last quarter.
On the other hand, according to the reported volume data, the average daily volume, which was 1.61 billion dollars in the previous quarter, was 2.26 billion dollars in the first quarter.
As before, it has been noted that Ripple unlocks 1 billion XRP from escrow wallets every month for the quarter, with a total of 2.7 billion XRP being re-sent to escrow wallets and locked.
Finally, it was stated that the number of “whale” wallets with at least 10 million XRP held in the first quarter increased from 308 to 319, and the number of wallets with 1 to 10 million XRP increased from 1,125 to 1,196.