Ripple co-founder Chris Larsen has sold $764 million worth of XRP over a seven-year period, employing a programmed strategy to minimize market impact. Despite the legality and transparency of these sales, they have sparked debate within the XRP community. Some investors argue that the gradual liquidation has negatively affected the token's market performance.
The sales have also raised questions about Ripple's escrow program, which is designed to control token releases. Community members express concerns over the perception of a constant token surplus and the implications for Ripple's long-term strategy in managing its reserves and public image.
Ripple Co-founder Chris Larsen Sells $764M in XRP, Stirring Community Concerns
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