Ripple transfer 500 million XRP tokens to its Escrow wallet

[[btc]YSG]

On September 3, the Ripple community has been greeted with the news that Ripple has made another huge transaction transferring 500 million XRP tokens from the Ripple Escrow Wallet to Ripple. Crypto enthusiasts, coin traders, and XRP investors have differing opinions on this move. Others perceive this negatively by stating accusations about Ripple’s price control agenda through the dumping of XRP tokens.

And another 100 million XRP to stellar founder who already have for $20 billion of ripple and daily dumps half million   LOL

Only a fool would not have expected this too be the outcome of a coin totally controlled by a single body, all I'm waiting for is for Ripple to dump all XRP on so that holders can back home.

[1714691831]

1714691831

[1714691831]

1714691831

[SolarWindMiningCompany]

I could not judge whether this is good or bad for ripple. Also this is not the first time they are doing such things as far as I remember.

Exactly. It's not the first time such situation has happened before and I am sure the community is well aware of this development which was why the price didn't dump. Centralized or not, Rpple has stood the test of time and should be given credit when due

[auntyjmary]

There is nothing to panic or worry about. Ripple is an amazing coin that has been around for a while now hence large transfers does not call for FUD. This is a usual happening for many altcoins on the market. Sometimes moves like that is very essential to avert any potential hacks or attacks that might happen.

[efxtrader]

On September 3, the Ripple community has been greeted with the news that Ripple has made another huge transaction transferring 500 million XRP tokens from the Ripple Escrow Wallet to Ripple. Crypto enthusiasts, coin traders, and XRP investors have differing opinions on this move. Others perceive this negatively by stating accusations about Ripple’s price control agenda through the dumping of XRP tokens.

500 million XRP coins is not more than 0.5% of the total supply in the market and I think it will not greatly affect the market price. Even though I am not interested in XRP, but with the price of XRP which is quite cheap right now, I think this is the right time to accumulate and hold it.

[kramchers]

You should post some links regarding that news or it will be call FUD.

though this 100 billion supply token is not good just for me that is why i am not getting any closer on this or investing on them.
This is the first cryptocurrency that is manipulated and control. is there any new?

[tranduong123]

Unsurprisingly, this XRP team does that every month with billions of xrp. Those who love the platform are becoming desperate because XRP has a large number of large banking partners, and the price of XRP is constantly falling.

[yazher]

what will they do with that huge amount of XRP is still mysterious no doubt that they are scheming for something unusual.
the only people who are affected with this transfer is the XRP holders their fate will be determine of what will be the outcomes of this strange transfers.

[MemberBerries]

Huuuge

Meanwhile efirium foundation is printing millions efh tokesn more


The chinese miners are forking and forking and forkin - means creating NEW BITCORNS

and people are butthurt over XRP distribution lmaooooo only on butthurttalk

[||bit]

XRP is shady as hell like always.They are gaining huge profits from selling those tokens and they can mint infinite amount of tokens when they want. I mean, why would anyone buy these?

XRP had a confusing structure. Some people support of Xrp for the long run.In binance, the price xrp vary huge with respect to the price of bitcoin.When the court judgments towards XRP was good, the trade volume of the coin will be increased.

[Nobita7999]

I see that most people are currently losing faith in XRP. Due to the downfall of XRP and increasing traffic, people cannot believe in XRP's value growth.

[MemberBerries]

XRP is shady as hell like always.

They are gaining huge profits from selling those tokens and they can mint infinite amount of tokens when they want. I mean, why would anyone buy these?

Lol why should anyone buy other token?

[JeffBrad12]

This is not the latest news. I recently learned that Whale Alert recorded a transfer of 100 million XRP from Ripple to former tech Director Jed McCaleb. I'm afraid that Jed will start a massive sale of XRP and thus very much lower the price in the market. Ripple recently very much discriminated yourself.

Jed will actually dump it consider it is a payment from him and you must read this agreement between him and ripple
https://forum.ripple.com/viewtopic.php?f=1&t=7641
This is just the start and the real distribution of ripple to him and will be continue for the many years later.

$10,000 per week during the first year
$20,000 per week during the second, third and fourth years
750 million XRP per year for the fifth and sixth years
1 billion XRP per year for the seventh year
2 billion XRP per year after the seventh year

Ripple for me is a garbage centralized crypto that used its coin to as a crazy rich mechanism without any efforts or even product.
You can't call its blockchain as a product and doge blockchain is much better than it lol

[betty11]

On September 3, the Ripple community has been greeted with the news that Ripple has made another huge transaction transferring 500 million XRP tokens from the Ripple Escrow Wallet to Ripple.

Your topic says that Ripple transfer 500M XRP to its escrow wallet, but you wrote that 500M has been moved from its escrow wallet. Which are we to believe? Tell me, did they move from escrow to market or market to escrow? Just read the blog post by cointelegraph they transfer from escrow to the market. This is what you get when a project is not decentralized, fear of the unknown everyday. They should rather airdrop this to the community.

[bitgolden]

Ripple for me is a garbage centralized crypto that used its coin to as a crazy rich mechanism without any efforts or even product.
You can't call its blockchain as a product and doge blockchain is much better than it lol

If you take time to read most comments that has been written about xrp on any post that you see about xrp, you will see that virtually everyone hates xrp a lot and this makes me to think of what xrp is doing on that position exactly, who are then the people that is building the volume to the extent of getting them to that position, I just would not want to accuse coin market cap of being the owner of xrp because their love for xrp must have been so great that they have failed to carry out research in them to know that what they have there is a fake volume.

XRP users are basically just the owner, and it is quite amazing that they have still not given up knowing that they are not welcomed in the crypto space. Anyway, there big threat is almost here, Facebook, gram and amazon will soon send them parking.