Is Ripple Dumping Millions Of XRP? CTO Addresses Reasons Behind $34 Million Transaction
Summary
Ripple has faced criticism for allegedly manipulating XRP's price and growth by selling coins. A transfer of 60 million XRP from Ripple to an unknown wallet has reignited claims of market manipulation. Ripple's CTO addressed concerns, stating that the company has discontinued programmatic sales and only sells holdings through ODL transactions. However, concerns about recent large transactions to unknown wallets remain speculative. XRP is trading at $0.5463, with recent transaction alerts hinting at potential selloffs.
