首页 > 网络3.0 > 正文

David Schwartz Revisited Allegations of $XRP Cryptocurrency Price Manipulation

DDD
发布: 2024-09-22 21:41:16
原创
895 人浏览过

$XRP is a popular Proof-of-Stake (PoS) token primarily known for its high demand in cross-border payment services

David Schwartz Revisited Allegations of $XRP Cryptocurrency Price Manipulation

David Schwartz, CTO of blockchain firm Ripple, has addressed allegations that XRP’s price is being manipulated by the company.

In response to a seven-year-old tweet thread by crypto community member Marcelo Wolfarth urging Schwartz to “stop suppressing the price of XRP,” the Ripple CTO stated that he is an XRP holder himself and that it doesn’t make sense for him to artificially lower the token’s price.

“I am an XRP holder myself. It doesn’t make sense for me to artificially lower the price of XRP. If I could raise the price of XRP, I would,” Schwartz replied.

He went on to add that Ripple’s activities have little impact on XRP’s token price, noting that XRP often trades similarly to XLM, the native token of the Stellar network created by Ripple co-founder Jed McCaleb.

“Stellar is run by former XRP people and has almost no connection to Ripple. Yet XRP and XLM trade similarly,” Schwartz noted.

Schwartz also revisited his 2019 post titled “XRP Can’t Be Dirt Cheap,” in which he addressed the community’s concerns about XRP’s low price at the time.

“People keep asking why XRP is so cheap. They expected XRP to be $100 by now, or at least $10. They are disappointed and frustrated. They feel cheated,” Schwartz wrote in 2019.

In the post, Schwartz explained his belief that XRP’s price is determined by the market and that Ripple has no control over it. He also highlighted XRP’s strong legal standing, which he said is “one of the best among major crypto tokens.”

“The court ruled that XRP was never an unregistered security token. In connection with other charges in the XRP lawsuit, Ripple faced a net fine of $125 million,” the report noted.

According to CoinGecko, XRP is currently trading at $0.59, showing a 24% price increase over the last three months.

以上是David Schwartz Revisited Allegations of $XRP Cryptocurrency Price Manipulation的详细内容。更多信息请关注PHP中文网其他相关文章!

来源:php.cn
本站声明
本文内容由网友自发贡献,版权归原作者所有,本站不承担相应法律责任。如您发现有涉嫌抄袭侵权的内容,请联系admin@php.cn
热门教程
更多>
最新下载
更多>
网站特效
网站源码
网站素材
前端模板
关于我们 免责声明 Sitemap
PHP中文网:公益在线PHP培训,帮助PHP学习者快速成长!