Perhaps a sign of the current cryptocurrency market, or the fact that Ripple has been fighting against fake volume reporting, but the sales for XRP are way down for Q3, reports the company.

The report from Ripple is intended to provide absolute transparency from the firm that is control of the supply and sales of XRP tokens on the market. As part of this, Ripple has stated that their expectations on sales over the next few quarters are bound to be way down.

This has come to pass as the latest quarter reports show a 74 percent decrease in sales from Q2. The report showed that Ripple sold $66.24 million worth of XRP in Q3 compared to the record sale worth of $251.51 million in the previous quarter.

It is odd that Ripple announced it would be tackling false volumes in in Q1, stating that the expectation would be far lower sales in the following quarters, but halfway through the year and Ripple had recorded record numbers.

However, it must be noted that not only in attempting to address fake volumes, Ripple mentioned at the Q2 report that it would be substantially reducing future sales of XRP. Ripple also added, back then, that: “Given the concerns about overstated market trading volumes, CryptoCompare will be Ripple’s primary benchmark for XRP market volume going forward.”

Ripple also explained their dramatic drop in sales further when the company said that through the quarter, it decided to pause programmatic sales altogether and focus our over-the-counter sales on a few strategic partners.

The company also took this opportunity to tackle the issue of FUD that it deemed had swirled around them and their XRP token. Ripple has been at the center of a battle with its own community members about purported dumping and price manipulation.

“Due to the nature of digital asset markets, FUD runs rampant, often perpetrated by those with political or financial interests in certain cryptocurrencies. Healthy dialogue, transparency, and pragmatism are vital to dispel misinformation, properly educate the market, and foster innovation in our industry,” the report read.

More so, the Ripple report outlined that as a lot of the negativity surrounding Ripple, on Twitter anyway, had come from bots. According to data from Indiana University research, as much as 50 percent of the FUD surrounding Ripple and XRP was coming from bots.