The recent surge in XRP's price, reaching a seven-year high, has attracted mixed attention from critics questioning Ripple's actions.
XRP Price Surge
XRP has surged nearly 400% since early November, reaching $2.9. The token's market capitalization now stands at $146.66 billion, with 79.54% of that added in recent weeks.
Allegations Against Ripple
Accusations have emerged that Ripple's management is offloading large amounts of pre-mined XRP to retail investors, allegedly undermining market fairness. Satirical images of Ripple's CEO symbolizing perceived profiteering have been circulating online, but no concrete evidence supports these claims.
Ripple's Response
Ripple CTO David Schwartz responded to the criticism with a GIF from 'Toy Story,' captioned 'Haters, haters everywhere.' Meanwhile, Ripple continues to utilize XRP within its cross-border payment services, controlling a substantial portion of the token supply.
Despite the price surge, XRP remains at the center of discussion and criticism. The token's future and its market impact remain uncertain.
