CTO of Ripple Interacts with XRP Community, Advises Against Burning Escrowed Funds for SEO Optimization

By Cino Gaperi Jan 9, 202444Views

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XRP Burning Pressures Explored

In a recent discussion on X, Ripple CTO David Schwartz addressed community worries about the monthly XRP releases. He explained that Ripple could either maintain or actively reduce its XRP holdings, with the original plan being a swift decrease in the XRP bag.

Stellar Case Comparison

Addressing concerns about potential challenges for XRP holders until the escrow is depleted, Schwartz referred to the Stellar case in 2018. Stellar burned 55 billion tokens ($5.5 billion) to address concerns about its extensive supply.

Schwartz’s Market Insights

Concluding the discussion, Schwartz shared two fundamental beliefs: the rationality of prices, already factoring in expectations, and the market’s potential negative view of radical changes that lack clear benefits.

Hot Take

Engaging with Ripple’s CTO, David Schwartz, provided valuable insights into Ripple’s strategic considerations and prompted a broader dialogue about the future trajectory of XRP.

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Cino Gaperi

Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino's insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content. Cino's contributions serve as a valuable compass for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With a commitment to precision, he empowers informed decision-making within the ever-evolving crypto sphere.