Ah, the theater of cryptocurrency! A stage where the actors are as unpredictable as a cat in a room full of rocking chairs. A viral thread, as fiery as a devil’s whisper, has once again set the crypto world ablaze. The accusation? That Ripple, with the subtlety of a bull in a china shop, systematically dumps hundreds of millions of XRP upon its unsuspecting holders each month. To what end? To fund their grand opera, of course! And so, the age-old debate is reignited, as if by a mischievous imp with a flair for drama.
The argument, laid out with the precision of a clockmaker, paints a grim portrait of Ripple’s tokenomic structure. Behold: in the year 2012, when XRP was born, 100 billion tokens emerged from the void. The founders, like gods dividing the spoils, kept 20 billion for themselves and bestowed 80 billion upon the company. Fast forward to December 2017, and Ripple, in a move as cunning as a fox, locked 55 billion XRP into smart contracts, releasing a mere 1 billion per month. Of this, they relock 70 to 80%, keeping the remainder-a paltry 200 to 300 million XRP-to fuel their machinations. At current prices, this monthly tribute is worth a staggering $400 million. Ah, the cost of doing business!
“The bull case for the last decade,” the thread laments, “has been ‘banks are coming.’” Yet, Ripple still clutches 39 billion XRP in escrow, a whopping 39% of the total supply. Every holder, it seems, is being slowly diluted by the very company they trust, by design, on a monthly schedule etched into the blockchain. And XRP? It has fallen for six consecutive months. A tragedy, or a farce? You decide.
Morgan’s Retort
Enter Bill Morgan, the lawyer with a wit as sharp as a dagger and a logic as unyielding as a stone wall. He scoffs at the dump theory, dismissing its central premise with a wave of his hand. “This fool,” he writes, “believes XRP’s price fell because Ripple sells XRP each month. But even he admits Ripple has been selling for years, yet cannot explain XRP’s price increases during those very months, nor its colossal rise since 2013.”
Morgan’s counter-argument is as elegant as it is devastating: XRP’s price, he claims, dances to the tune of Bitcoin, not Ripple’s monthly sales. If selling truly suppressed the price, the suppression would be as obvious as a elephant in a telephone booth. Instead, XRP has soared during periods of identical selling pressure. A paradox, or a lesson in market psychology?
And let us not forget the long-term perspective, a lens through which Morgan views the chaos. XRP, he reminds us, is up 24,602% since Ripple began its selling spree thirteen years ago. The company now holds a mere 33% of the total supply in escrow, down from far loftier heights. The selling pressure, it seems, is not a compounding nightmare but a fading echo. Yet, the drama persists, as if scripted by a playwright with a penchant for the absurd.
So, dear reader, as you ponder the fate of XRP, ask yourself: Is it a coin cursed by its creators, or a phoenix rising from the ashes of their monthly offerings? The answer, like all things in the crypto world, remains as elusive as a shadow in the fog.
Read More
- Brent Oil Forecast
- Silver Rate Forecast
- Gold Rate Forecast
- You Won’t Believe 35% of Crypto Users Lost Their Wealth to Simple Human Error!
- BTC PREDICTION. BTC cryptocurrency
- USD TRY PREDICTION
- Solana\’s Slump: Will Traders Wait Forever for a Catalyst?”‘, ‘reasoning_content’: None, ‘name’: None, ‘tool_calls’: None}, ‘finish_reason’: ‘stop’, ‘logprobs’: None}], ‘usage’: {‘prompt_tokens’: 733, ‘total_tokens’: 750, ‘completion_tokens’: 17, ‘estimate
- XRP’s ETF Waltz: $1.2B Inflows, Yet Price Does the Limbo at $1.30
- Trump’s Oil Fantasy: Seize, Profit, and Declare Victory in the Straits of Hormuz
- ECB Backs EU Crypto Supervision: Binance and Coinbase Face ESMA Oversight
2026-04-22 19:22