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[SCAMEXPOSER]

Recent updates from cryptocurrency tracking firm revealed that Ripple released one billion XRP tokens worth a whopping $835,140,718 into circulation on January 1, 2022. The release of tokens were programmed to go into circulation on the first day of each month. In the past few years, 500 million coins were released two different times. The plan was to gradually move 55 billion XRP from escrow. They are called escrow releases and have been made since 2017.
In your opinion , with this released of coins what will be the effect on the price and the on going legal battle.

 

[Wisdom01]

Am really surprised at the development ,I think ripple unlocking more xrp into the market ,means there would be more supply and this might not pose a positive effect on the coin market but a negative impact , before ripple do such they should have waited for the bullish market to reach before making such kind of decision that could have effect in the market

 

[GoldenLady]

One of the major reasons why a lot of people are sceptical about ripple is this type of token allocation and it's release into circulation.

It's known that lower supply leads to higher price. This token release of almost a billion dollars worth will definitely affect the price negatively.

 

[Wisdom01]

One of the major reasons why a lot of people are sceptical about ripple is this type of token allocation and it's release into circulation.

It's known that lower supply leads to higher price. This token release of almost a billion dollars worth will definitely affect the price negatively.

I think the supply value need to be evaluated ,if the token is burnt by the developers ,it could really help the coin move forward,even investors would be more interested in holding the coin ,I think coin like bnb rose higher today since the developers were burning more of the token , especially binance