Ripple’s chief technology officer, David Schwartz, has made it clear: Ripple will prioritize its own interests when selling XRP. In response to investor concerns, Schwartz stated, “Ripple can, will, and should act in its own interest.” His remarks followed criticism from Riot Platforms’ (RIOT) Pierre Rochard, who argued that XRP investors are simply “getting tokens created out of thin air dumped on you.”
Concerns Grow Over Dormant $7 Billion XRP Wallet
Adding to the unease, ZachXBT uncovered a dormant XRP wallet containing over $7 billion, linked to Ripple co-founder Chris Larsen. While some fear an impending sell-off, most of these funds have been untouched for six years, suggesting Larsen may no longer have access.
XRP Rally Fizzles Despite Trump’s Crypto Reserve News
XRP initially surged after former U.S. President Donald Trump announced plans to include it in a U.S. crypto reserve. However, the rally stalled as analysts, including Aurelie Barthere of Nansen, warned that congressional approval could take time, dampening investor enthusiasm.
At the time of writing, XRP is sitting at $2.4431.
