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>
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  <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>
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<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

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