Ripple Rumors: Is a 10 Billion XRP Buyback in the Works?

By Lola Coin Jun 25, 202369Views

Rumors are swirling that Ripple may be planning a buyback of 10 billion XRP, but skeptics like lawyer John E. Deaton are calling for an official confirmation. According to Deaton, he won’t believe the news until he hears it from Ripple themselves. If the buyback does happen, it would have significant implications for both the company and the wider XRP community. Firstly, it would demonstrate Ripple’s confidence in XRP and its belief that the coin is currently undervalued. This confidence could boost investor sentiment and potentially drive up demand for XRP. Secondly, buybacks typically reduce the number of tokens in circulation, which could lead to price increases if demand remains stable or grows. Ripple has been slowing down its XRP sales, with the latest report showing a drop of $84.37 million compared to the previous quarter. The company has clarified that XRP sales are only possible when connected to its on-demand liquidity transactions.

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