Hey everyone,
Is Ripple going to dump more XRP on investors again this June? It seems like every month, Ripple sells off more XRP to line their own pockets, which dilutes the price and hurts us, the investors. Are they ever going to stop dumping XRP on us, or should we brace ourselves for another round of sell-offs this month?
Looking forward to your thoughts!
Word has it that Ripple is preparing their largest sell-off of XRP tokens since 2017. It looks like they might off-load 400 million tokens in June. Normally, Ripple unloads 200 to 260 million. Also, from my understanding, the higher the price starts going, the more XRP they sell.
This is exactly why I don’t buy XRP. Ripple’s constant dumping on the market means the price is destined to stagnate for at least the next 10 years. By then, the price will probably be hovering around 10 cents. How can anyone expect XRP to gain value when Ripple keeps undercutting the market like this?
Yes, they are going to sell off more XRP like always! I don’t understand XRP investors. They are married to their investment like it’s a religion. Maybe XRP will become something in the future, maybe not, but one thing is for sure: when 100 billion tokens are in circulation, one XRP will be worth between 5¢ and 25¢.
I think most enterprises and financial institutions will flock to Hedera anyway. The best move XRP investors could make is to sell all their holdings and plow it into HBAR.
I used to be a big supporter of XRP, but over time, it’s been a huge letdown. Even after beating the SEC multiple times, the price didn’t budge.
A few months back, there were claims that BRICS nations would adopt XRP to challenge the US dollar. Naturally, that didn’t happen. I was skeptical from the start. The XRP community even suggested Elon Musk would announce XRP as the foundation for X. It’s been one baseless rumor after another.
Honestly, XRP is starting to feel like nothing more than a hype coin. All talk, no substance. Cardano is on the verge of surpassing XRP in value. Even the chaotic Solana has outpaced XRP significantly. Despite endless court dates, nothing changes for XRP. It’s always about Ripple making grand promises, like this recent supposed partnership with a major US bank. I’m not buying it, as there’s barely any credible information to back it up. Just another dying hype coin.