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)