• David Schwartz said Ripple’s massive XRP dump is part of a plan to exhaust its holdings. 
• Community members argue Ripple can burn its XRP stash instead of selling it. 
• Ripple releases one billion from its escrow account every month, most of which is returned.

Ripple Labs Chief Technology Officer (CTO) David Schwartz defended the company’s recent massive XRP dump. The post by Schwartz follows increased chatter among crypto community members concerning Ripple’s XRP holdings. 

In the post shared on the social media platform X (formerly Twitter), Schwartz explained that the continued token sale is a strategic move by the blockchain firm. “Ripple’s original plan was to reduce our XRP holdings as quickly as we could,” he wrote. 

According to the CTO, the blockchain firm has only two choices regarding its XRP stash. “We can continue to hold as much XRP as we do, or we can reduce the amount of XRP that we hold. There really isn’t any third option.”

However, notable community members argued otherwise. In particular, renowned XRP advocate Mr. Huber suggested an alternative solution to exhaust the XRP supply. The crypto sleuth tweeted that the fi…

The post Ripple CTO, XRP Army Lock Head Over the Firm’s Massive XRP Stash appeared first on Coin Edition.

• David Schwartz said Ripple’s massive XRP dump is part of a plan to exhaust its holdings. 
• Community members argue Ripple can burn its XRP stash instead of selling it. 
• Ripple releases one billion from its escrow account every month, most of which is returned.

Ripple Labs Chief Technology Officer (CTO) David Schwartz defended the company’s recent massive XRP dump. The post by Schwartz follows increased chatter among crypto community members concerning Ripple’s XRP holdings. 

In the post shared on the social media platform X (formerly Twitter), Schwartz explained that the continued token sale is a strategic move by the blockchain firm. “Ripple’s original plan was to reduce our XRP holdings as quickly as we could,” he wrote. 

According to the CTO, the blockchain firm has only two choices regarding its XRP stash. “We can continue to hold as much XRP as we do, or we can reduce the amount of XRP that we hold. There really isn’t any third option.”

However, notable community members argued otherwise. In particular, renowned XRP advocate Mr. Huber suggested an alternative solution to exhaust the XRP supply. The crypto sleuth tweeted that the fi…

The post Ripple CTO, XRP Army Lock Head Over the Firm’s Massive XRP Stash appeared first on Coin Edition.