Ripple CTO David Schwartz said there are only two options for the 40 billion XRP under the company’s control.
Amid the ongoing debate within the community regarding Ripple’s sale of XRP, a social media user said: of XRP He drew attention to the sales record.
It is stated that Ripple’s public distribution in December 2023 was three times more than the average amounts, and in total 140 million It was recorded that a dollar value was reached. Considering previous sales and buybacks, approximately for 50 million dollars It corresponded. Social media user, Ripple buyback for 8 weeks He said he didn’t.
Investors believe that the company has $22 billion worth of assets, corresponding to 40% of the total supply. From 40 billion XRP While expressing his uneasiness about the situation, Ripple CTO Schwartz said: descriptions made:
Ripple has two options. We can continue to hold the current amount of XRP or reduce the amount of XRP. There really is no other option. Ripple’s plan was to quickly reduce our XRP holdings.
Schwartz responded to these comments on Twitter. “I burn” He ignored their demands and said there was no chance of it happening.