Ripple is back in the spotlight after a statement by its CTO sparked debate about the management of XRP supplies.
Ripple CTO's Statement Stirs Controversy
Ripple's CTO, David Schwartz, asserted the legitimacy of the company's actions in its own interest. His response incited further debate on XRP sales, following criticism from Riot Platforms' Pierre Rochard, who believes the sales disregard investor interests. Despite claims that XRP is not a security, the discussion persists.
Dormant Wallet Fuels Speculations
A dormant wallet, linked to Ripple co-founder Chris Larsen, has drawn the community's attention. It reportedly holds over 2.7 billion XRP ($7.18 billion), and recent transactions indicate massive transfers to exchanges, sparking speculation about potential strategic sales.
XRP Sales: Financing or Manipulation?
Recent developments have raised questions about Ripple's role in managing XRP tokens. Investors are concerned about sales transparency and market impact. Whether the company continues significant sales as part of its economic strategy remains an open question.
Statements from Ripple and recent events continue to fuel controversy regarding the management and independence of XRP. These issues are likely to remain at the forefront of the crypto community for some time.
