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ID: roePKBGK/biz/60555644#60557309
6/28/2025, 8:06:07 AM
>>60556242
>My reason is during the lawsuit, if they let it breath
My reason is that Ripple was buying a lot of XRP during the lawsuit. If you followed Whale Alerts, you could see nonstop daily outflows in 30M batches from exchanges. Ripple stopped reporting their XRP purchases in Q1 2023 because people started noticing. Just look at the picrel, 8.4B in XRP, let's say at an average of .40, equals 21 billion XRP. That’s more than 20% of the total XRP supply and the article is from two years ago, right before Ripple stopped issuing detailed reports. Basically, they used the lawsuit as a smokescreen to suppress XRP and buy it back cheaply. When the XRP supply began to dry up, they nudged the price upward so that 2017 bagholders would sell, allowing them to accumulate more.
>My reason is during the lawsuit, if they let it breath
My reason is that Ripple was buying a lot of XRP during the lawsuit. If you followed Whale Alerts, you could see nonstop daily outflows in 30M batches from exchanges. Ripple stopped reporting their XRP purchases in Q1 2023 because people started noticing. Just look at the picrel, 8.4B in XRP, let's say at an average of .40, equals 21 billion XRP. That’s more than 20% of the total XRP supply and the article is from two years ago, right before Ripple stopped issuing detailed reports. Basically, they used the lawsuit as a smokescreen to suppress XRP and buy it back cheaply. When the XRP supply began to dry up, they nudged the price upward so that 2017 bagholders would sell, allowing them to accumulate more.
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