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XRP Proponent Laments: So Ripple CEO Sold $200 Million of XRP at the Top
A wave of frustration has swept through the XRP community following revelations that Ripple CEO Brad Garlinghouse sold approximately $200 million worth of XRP near the recent market peak. The information, initially flagged by blockchain analytics platform Xaif, was amplified in a post by prominent crypto influencer Crypto Bitlord, who questioned Garlinghouse’s faith in XRP’s long-term promise if he chose to offload such a substantial amount at the top.
The reported sales, spread over 10 days and linked to Garlinghouse’s wallets, have sparked controversy due to their magnitude and suspicious timing, coinciding with XRP’s local price peak. On-chain data from platforms like Lookonchain confirms that this was not a random or one-time event, but rather a deliberate and strategic liquidation that has unsettled parts of the XRP holder base.
So Brad Garlinghouse sold $200m of $XRP at the top If it’s the future of finance why would he do that? This shit is starting to feel like a scam. The White House didn’t even mention it. I can feel a CTO coming on — Crypto Bitlord (@crypto_bitlord7) August 1, 2025
In an attempt to justify the sale, supporters of Garlinghouse argue that executives are entitled to sell tokens for personal diversification, tax strategy, or liquidity purposes, especially after years of navigating regulatory hostility. They also point out that Garlinghouse still holds significant XRP and Ripple equity, with his net worth estimated in the multi-billion-dollar range.
Despite these explanations, critics believe the optics are damaging. At a time when the XRP community is expecting breakthroughs in utility and institutional adoption, this high-profile sale casts doubt on whether even Ripple’s leadership believes in the vision they’ve long championed.
In recent times, Garlinghouse has faced criticism for his financial decisions, with many questioning his ability to provide transparency on the matter. The controversy surrounding these sales has not only hurt investor confidence but also fueled speculation about potential future events and their implications on XRP’s market trajectory.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk.
Source: timestabloid.com
