Analyst Mr. Huber, who monitors Ripple’s API data, has announced improvements in the data’s accuracy and addressed criticisms. These adjustments not only support his hypothesis that Ripple sold 238 million XRP in December but also highlight the API’s utility in tracking significant data for Ripple’s stakeholders, including customers, exchanges, and the community.
Mr. Huber has addressed specific concerns, leading to data enhancements that allow for a more detailed understanding of Ripple’s actual sales and buybacks. He emphasized the importance of combining the concepts of undistributed and escrow changes to present a unified figure as a significant improvement.
According to Huber, this improvement corrects the misclassification of escrows as “buybacks.” Negative values around -200 million in “Escrow Change” now accurately reflect the monthly releases of XRP from escrow, providing a clearer depiction of Ripple’s financial movements.
Huber also points out a strategic change in the methodology for calculating XRP’s average price. Instead of relying on specific transaction dates, he now uses daily closing prices between API dates to calculate the average, aligning the API’s net total for Q1 2023 with Ripple’s official annual report with over 90% accuracy, enhancing the data set’s reliability.
Lastly, Huber highlights the complexity of the API’s reporting structure. He has made adjustments to include data for the seven days preceding the start of each month, even if these days fall in the previous quarter, they are kept out of the quarterly report. This adjustment harmonizes the data set with Ripple’s financial statements for a more consistent representation of the company’s fiscal activities.