Ripple Q1 2023 Report: XRP sales for the quarter reached $360 million, and the SEC lawsuit is expected to conclude within the year

ChainCatcher news, Ripple released its Q1 2023 report indicating that the total sales of XRP (net of purchases) for the quarter were $360 million, compared to $226 million in the previous quarter; on-chain activity on the XRP Ledger remains strong, with decentralized trading volume increasing by 34% to $115 million in Q1 2023 compared to Q4 2022.

In addition, regarding the update on the SEC lawsuit against Ripple, Ripple expects a summary judgment to be made in 2023, but the specific timing ultimately depends on the court. (source link)