Ripple, the cryptocurrency company, has been returning a significant portion of its unlocked XRP tokens to its escrow system after each monthly release. This move is aimed at supporting the price of XRP. Bill Morgan, a pro-XRP legal expert, explained that if Ripple were to sell all the tokens, it could negatively impact the token’s price. This response came after a user suggested that Ripple was relocking the tokens due to a lack of demand. However, XRP sales have actually increased this year, and institutional investors are showing more interest in the token. Despite a recent drop in price, many in the community remain optimistic about XRP’s value.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | Judge Analisa Torres, Bill Morgan, Alter Diego |
| Companies | US Securities and Exchange Commission (SEC), Ripple |
| Currencies | XRP |
| Securities | None |
