Ripple’s Recent Transaction: A Game-Changer or a Mystery?
Ripple, a major figure in the blockchain space, has recently made a substantial transfer of 180 million XRP, valued at $94 million, within a ten-minute timeframe. These transactions have fueled speculation about their motive and implications.
VC Funding: A Potential Savior for XRPL
Blockchain expert Santiago Velez drew attention to the significant growth of the Solana blockchain, which has been largely attributed to strong backing from venture capital (VC) investments. Velez proposed that Ripple could replicate this success with XRP, should it seek funding from investors outside the US.
Ripple’s Potential
Velez suggested that Ripple could lean into foreign investments as means to maximize its holdings of approximately 45 billion XRP. He highlighted the challenge of selling XRP in the US due to regulatory constraints, making foreign investors a potentially wiser choice for Ripple to attract VC funding.
An Uncertain Path for XRPL
The discussion around the XRP Ledger’s slow growth and XRPL’s potential has been fueled by concerns about the implementation of Hooks, which would bring smart contract capabilities to the network. This uncertainty has led to divergent opinions within the XRP community on the impact of ongoing legal challenges and need for innovation.
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