XRP's price decreased by about 4% on Friday following a report that Ripple moved 200 million XRP tokens to an unknown wallet.
Ripple allegedly moved 200 million XRP tokens to an unknown wallet. Ripple 's move has allowed speculation that the company plans to abandon its native token. XRP is down 4% following the move on Friday. XRP's price decreased by about 4% on Friday following a report that Ripple moved 200 million XRP tokens to an unknown wallet. Despite the FUD, the company seems to be striking new partnerships as it prepares for its stablecoin launch.
The speculations spring from Ripple CTO David Schwartz's reminiscence of a post he made 15 years ago: When a scrappy financial startup takes on a web of corruption and betrayal to bring instant payments to the masses, they learn that the cost of disrupting the status quo is higher than they could ever have imagined, forcing them to decide between their vision and their survival. Also read:XRP holders shed altcoin holdings at a loss, Ripple struggles to tackle resistance at $0.
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