Ripple CTO: Selling XRP; Not Burning, Fuels Growth

Quick Summary:

Ripple’s CTO, David Schwartz, addressed critics who believe the company suppresses the price of XRP, the seventh-largest cryptocurrency by market cap, by flooding the market with tokens.

Schwartz took to X (formerly Twitter) to explain that burning XRP tokens or giving them away wouldn’t magically boost the price.

He stated that the burning of Stellar […]

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: India

Topics: Ripple Market XRP News Market News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 10:25:33 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 105 words

Reading Time: 1 minutes read

Sentences: 45 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22307357

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Year Established: 2020

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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Publisher ID: #124

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