Mel Brooks Explains Why Ripple’s XRP Escrow Isn’t a Dumping Ground 😂

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Listen up, folks! Legal guru Bill Morgan, the man with the golden gavel, has stepped in to save the day. He’s here to tell us why Ripple ain’t about to flush its XRP escrow down the toilet. And guess what? It’s actually good for the price! 🎉

Ripple’s Escrow: The Hero We Need, Not the Villain We Feared

In a recent X post, Bill Morgan dropped some serious knowledge bombs. He pointed out that even the SEC, those guys in the suits, acknowledged that Ripple’s escrow was designed to prop up the XRP price, not bring it crashing down like a house of cards. He added that the SEC even thought this was one of the key factors that would make investors feel all warm and fuzzy inside, expecting profits from Ripple’s magical touch. 🪄

But wait, there’s more! Bill shot down the “dump theory” with a single quip. He was responding to a crypto community member who was throwing shade at XRP holders, suggesting they were living in la-la land thinking the escrow was a good thing. This critic was convinced Ripple would dump its holdings on them like a bad joke. But Bill wasn’t having it. He said, “If you think Ripple’s going to dump, you’re as wrong as a clown at a funeral.” 🤡

Bill also reminded everyone that the escrowed funds haven’t changed much since 2017. Back then, Ripple had 55 billion XRP locked up, and now it’s got 35 billion. Despite unlocking 1 billion XRP every month, the numbers haven’t plummeted because Ripple keeps relocking a big chunk of it. It’s like a magic trick—poof, the coins disappear back into the vault! ✨

These coins aren’t just sitting around collecting dust. They’re being used for Ripple’s on-demand liquidity (ODL) services, which means they’re in high demand. This demand is like a shot of espresso for the XRP price, giving it that extra kick. And if that wasn’t enough, Ripple is planning to expand its operations, which could send XRP to the moon and beyond. 🚀

The Real Reason Behind the “Dump Theory” FUD

When it comes to the accusations against Ripple, Bill Morgan has a theory. He thinks a lot of these crypto community members are just jealous because they missed out on the XRP price rally. In his X post, he asked a critic, “Did you miss out on XRP when it was trading at $0.20? You should’ve bought it when it was cheaper than a cup of coffee!” ☕

Indeed, XRP was trading around $0.20 in 2023 and stayed in the $0.50 range for most of 2024. But then, boom! In the last quarter of 2024, it skyrocketed by over 500%, hitting a new all-time high (ATH) of $3.65 last week. And it’s still going strong, trading at around $3.50 at the time of writing, up in the last 24 hours, according to CoinMarketCap. 📈

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2025-07-23 23:14