Ripple is NOT Heavily Dumping XRP, Just Stabilizing Inflation: Bill Morgan
Story Highlights
• Bill Morgan clarifies that Ripple's December XRP sales were not a "dump" but part of a strategy to manage inflation.
• The SEC lawsuit against Ripple acknowledges that Ripple's actions helped stabilize XRP's price.
• Morgan argues that Ripple's XRP sales are well-considered given the fixed XRP supply.
Bill Morgan , an expert in law with a keen interest in XRP , has stepped forward to clarify the details surrounding Ripple’s significant $238M XRP sales in December 2023. His insights provide a thorough examination of Ripple’s actions and their implications.
It’s time to ditch the FUD and get right down to the facts. Read on!
Ripple’s December Sales: An Overview
Last December, Ripple made headlines with a remarkable net sale of 238 million XRP tokens, translating to $142 million. This amount, as previously reported by Coinpedia New s, marks a threefold increase from Ripple’s typical monthly sales. Such a substantial increase naturally sparked discussions within the cryptocurrency community, prompting questions about Ripple’s strategy.
Bill Morgan starts by challenging what he calls a “false narrative” suggesting that Ripple is dumping a lot of XRP. To back his point, he provides strong evidence, referring to the inflation rate tied to the circulating supply resulting from the release and sale of XRP from escrow, calculated at 7.86%.
Morgan goes on to emphasize that, even though this inflation rate is relatively high, it doesn’t convincingly clarify why XRP’s price would be significantly negatively affected.
Read More: https://coinpedia.org/news/bill-morgan-clarifies-ripples-238m-xrp-sales-debunking-the-dumping-myth/
Story Highlights
• Bill Morgan clarifies that Ripple's December XRP sales were not a "dump" but part of a strategy to manage inflation.
• The SEC lawsuit against Ripple acknowledges that Ripple's actions helped stabilize XRP's price.
• Morgan argues that Ripple's XRP sales are well-considered given the fixed XRP supply.
Bill Morgan , an expert in law with a keen interest in XRP , has stepped forward to clarify the details surrounding Ripple’s significant $238M XRP sales in December 2023. His insights provide a thorough examination of Ripple’s actions and their implications.
It’s time to ditch the FUD and get right down to the facts. Read on!
Ripple’s December Sales: An Overview
Last December, Ripple made headlines with a remarkable net sale of 238 million XRP tokens, translating to $142 million. This amount, as previously reported by Coinpedia New s, marks a threefold increase from Ripple’s typical monthly sales. Such a substantial increase naturally sparked discussions within the cryptocurrency community, prompting questions about Ripple’s strategy.
Bill Morgan starts by challenging what he calls a “false narrative” suggesting that Ripple is dumping a lot of XRP. To back his point, he provides strong evidence, referring to the inflation rate tied to the circulating supply resulting from the release and sale of XRP from escrow, calculated at 7.86%.
Morgan goes on to emphasize that, even though this inflation rate is relatively high, it doesn’t convincingly clarify why XRP’s price would be significantly negatively affected.
Read More: https://coinpedia.org/news/bill-morgan-clarifies-ripples-238m-xrp-sales-debunking-the-dumping-myth/
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