The Crypto Basic
2023-04-17 08:26:55

Ripple CTO Confirms Ripple Sells XRP to Reduce its Holdings

The top two single-largest XRP wallets belong to Ripple. David Schwartz, CTO at Ripple, has confirmed that Ripple generates the most revenue from selling its XRP holdings. According to Schwartz, this strategic move also aims to reduce the company’s XRP holdings, further contributing to decentralization. In a recent thread of tweets, Schwartz confirmed this by The post Ripple CTO Confirms Ripple Sells XRP to Reduce its Holdings first appeared on The Crypto Basic .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.