Token

2024

David Vance

<ul class="news-points">
 <li><strong>Ripple CTO clarifies XRP sales as liquidity strategy</strong></li>
 <li><strong>Large holdings managed through sales &amp; locked escrow</strong></li>
 <li><strong>As of March 31, Ripple holds 40.1 billion locked tokens in the escrow account.</strong></li>
</ul>
<p>In a recent online discussion on <a href="https://twitter.com/joelkatz?lang=en" target="_blank" rel="noopener noreferrer nofollow">X, Ripple’s CTO</a>, David Schwartz, addressed concerns regarding the company’s large holdings of XRP and its ongoing sales of the cryptocurrency.</p>
<p>Schwartz clarified that Ripple’s strategy of selling XRP is a liquidity management tactic. As the largest holder of XRP, Ripple holds its tokens in two categories, <a href="https://coinedition.com/xrp-ledger-transaction-surge-vs-declining-wallet-creation/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">according to its Q1 Report</a>: immediately accessible XRP and escrowed XRP. While a significant portion of XRP is locked in escrow accounts with a 42-month release schedule, Ripple cannot access these tokens during this period. Additionally, most of the XRP released monthly from escrow are also re-locked.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Because Ripple has the most XRP and, in practice, the only realistic alternative to selling it is continuing to hold the most XRP indefinitely.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1792194056564707832?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-balancing-liquidity-with-locked-xrp"><strong>Balancing Liquidity with Locked XRP</strong></h2>
<p>Through his online post, Schwartz explained why Ripple is the “biggest seller of XRP,” Schwartz state…</p>
<p>The post <a href="https://coinedition.com/selling-xrp-isnt-a-dump-ripple-cto-explains-token-strategy/" rel="noopener noreferrer nofollow">Selling XRP Isn’t a Dump! Ripple CTO Explains Token Strategy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Selling XRP Isn’t a Dump! Ripple CTO Explains Token Strategy

目次

Coin Edition

2024年5月21日公開の他の記事

Uniswap Labs Responds to SEC Wells Notice, Denies Crypto Tokens Are Securities

COTI V2 Debuts Its Developer Network Alongside Grant Program

Crypto Market Price Analysis Today: Bitcoin (BTC), Ethereum (ETH), Ethereum Name Service (ENS), L...

Coinbase Leads Tech Coalition to Fight Online Scams

Cryptocurrencies Experience Notable Shifts

Grayscale CEO Steps Down, Binance Issues Important Update on Token Listing Strategy, Litecoin Wha...

ニュースレターを購読して暗号資産の最新情報を毎日入手！