Ripple’s CTO, David Schwartz, has responded to rumors that the company planned to buy back 10 billion XRP tokens, denying any knowledge of such a purchase and stating that no official source had been cited. XRP-friendly lawyer John Deaton also expressed skepticism and called for an official confirmation. The XRP community investigated the news source and found it lacking credibility, with a website registered in 2023 and stock photos used for team members. The founder of DigitalGen Financial Services labeled the report as untrue and a scam. Ripple has a history of XRP buybacks, spending almost $8.4 billion between 2021 and 2022. XRP is currently trading at $0.4917, with a slight increase in the last 24 hours. The price of XRP has improved since the controversial documents linked to its former official, Bill Hinman, were released by the US SEC.
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