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.
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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 |