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XRP whales make a move as Ripple defends its sales strategy – Explained
A surge in whale activity on the XRP network has sparked speculation about major investors’ intentions, coinciding with Ripple’s defense of its sales strategy amid concerns over inflation.
Over the past three weeks, whale transactions exceeding $1 million have seen significant growth, with some of the largest transactions in recent history. This unusual surge has led many to speculate about whether large-scale investors are repositioning their holdings or if liquidity is shifting due to Ripple’s ongoing sales strategy.
While some believe this activity may indicate a potential breakout for XRP, others argue that the whales’ increased engagement could be an attempt to manipulate market sentiment and drive up prices. Regardless of the reason, the increased whale activity raises questions about whether XRP is gearing up for a significant price change or if it is simply experiencing a shift in liquidity.
Ripple’s defense of its sales strategy comes as a response to concerns that the company’s large holdings and periodic sales could dilute the value of XRP. Ripple’s Chief Technology Officer, David Schwartz, has vehemently denied these claims, highlighting the fundamental resistance of the XRP Ledger to supply inflation.
Schwartz further emphasized that while investors may expect Ripple to prop up XRP’s price, the company is under no obligation to do so. He drew a parallel with an artist selling early works, stating that just as an artist has the right to sell their creations at any time, Ripple can and should continue to diversify its holdings.
As expected, this stance has further divided the community, with some critics accusing Ripple of prioritizing corporate interests over retail investors, while others maintain that the company’s structured sales will prevent market destabilization.
Source: https://ambcrypto.com/xrp-whales-make-a-move-as-ripple-defends-its-sales-strategy-explained
