Anonymous
(ID: PsntD3Zw)
8/26/2025, 8:07:36 PM
No.60852475
>>60853495
>>60853918
>>60854287
>>60858950
>>60859900
>>60860545
>>60860787
Ripple was buying XRP and suppressing its price
>https://blockworks.co/news/ripple-xrp-sec-lawsuit-markets
Back in February 2023, Blockworks reported that Ripple had bought about $8.4B worth of XRP since the SEC lawsuit, saying it was “to support healthy markets”. They used to list these buys in their quarterly reports, but after Q3 2023 they just stopped mentioning them. That didn’t mean the buying stopped though, you could still see the big daily transfers (30M to 100M) on Whale Alert. If you run the math and assume Ripple spent around $10 billion at an average of $0.40, that’s close to 40 billion XRP picked up by the end of 2023. With the total circulating supply, that would leave maybe 20 billion XRP in the market back then and even less now. By early 2024 the pace slowed, not necessarily because Ripple quit, but because there was simply less XRP out there available. By the end of 2024, the open-market buying seemed to stop altogether. That’s also when the price started to move up and decoupling from the market. A lot of people pointed this to Trump, but it lines up more with supply drying up.
>TLDR: Ripple used the SEC lawsuit as cover for price suppression and to purchase XRP below $0.50 while everyone thought they were dumping
Do with that info what you will.
Back in February 2023, Blockworks reported that Ripple had bought about $8.4B worth of XRP since the SEC lawsuit, saying it was “to support healthy markets”. They used to list these buys in their quarterly reports, but after Q3 2023 they just stopped mentioning them. That didn’t mean the buying stopped though, you could still see the big daily transfers (30M to 100M) on Whale Alert. If you run the math and assume Ripple spent around $10 billion at an average of $0.40, that’s close to 40 billion XRP picked up by the end of 2023. With the total circulating supply, that would leave maybe 20 billion XRP in the market back then and even less now. By early 2024 the pace slowed, not necessarily because Ripple quit, but because there was simply less XRP out there available. By the end of 2024, the open-market buying seemed to stop altogether. That’s also when the price started to move up and decoupling from the market. A lot of people pointed this to Trump, but it lines up more with supply drying up.
>TLDR: Ripple used the SEC lawsuit as cover for price suppression and to purchase XRP below $0.50 while everyone thought they were dumping
Do with that info what you will.