RATE Group | Why Is The XRP Army so Riled at Ripple Crypto Token Movements
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Why Is The XRP Army so Riled at Ripple Crypto Token Movements

05 Jan Why Is The XRP Army so Riled at Ripple Crypto Token Movements

Posted at 07:39h in Cryptocurrency News by

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It does not take much to instigate a tweet war among the crypto community these days. Token prices are rock bottom and many of the top assets, including Ripple’s XRP, just keep dumping.

Ripple Moves Another $200 Million

San Francisco based fintech firm Ripple started off the year with another questionable token movement. A further 200 million XRP were transferred from the Ripple Escrow wallet to Ripple according to the ‘whale alert’ account.

A further alert suggested that the company was preparing to dump them onto the market putting more pressure on the already battered token prices.

Research firm Weiss Ratings has recently commented on the bizarre tokenomics much to the chagrin of the XRP army of supporters.

“2020 at Ripple begins with a further release of XRP tokens worth $192 million as part of a planned incentive scheme. These constant dumps that Ripple makes are not helping the price of XRP, that’s for sure.”

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