That Ripple take down was fucking brutal
It's really gotten out of hand!
Because they probably created the 330million+ XRP and sold it to the banks at a huge discount of the current going XRP price. So the dev team makes hella cash now.
Think about it. XRP was up to 42 cents each, Dev team released 330million + and sells it for like 2 cents or 3 cents each to bankers, which gets them millions in USD of funding. Bankers just 20x their money at current prices. Banks will keep long haul and sell overtime and make tons.
Makes sense. Greed.
I wouldn't be surprised in the least. That kind of manipulation is precisely what crypto is
supposed to be trying to get away from.