Ripple CTO Addresses Rumors of $5 Billion XRP Buy Back

There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion.

  • The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it until the company itself confirms it.
  • The rumors were spreading like wildfire, though, as it tends to oftentimes be the case.
  • David Schwartz, who is the CTO of Ripple, dismissed them yesterday.

We do sometimes buy XRP. But I don’t know of anything specific that this could be referring to. And there’s no official source mentioned.

  • XRP has failed to move on the rumors, trading at 1.4% loss in the past 24 hours and 1.2% for the past seven days.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 95,345.55 1.67%
Ethereum (ETH) $ 3,290.53 0.65%
Tether (USDT) $ 1.00 0.18%
XRP (XRP) $ 2.21 0.46%
BNB (BNB) $ 650.01 1.40%
Solana (SOL) $ 180.94 0.21%
Dogecoin (DOGE) $ 0.314129 1.26%
USDC (USDC) $ 1.00 0.03%
Cardano (ADA) $ 0.890025 0.73%
Lido Staked Ether (STETH) $ 3,286.57 0.67%