#PYTH #WLD #ETH #BTC Ripple CTO Addresses Allegations
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of XRP Price Manipulation
Ripple's Chief Technology Officer (CTO), David
Schwartz, has categorically denied allegations
that the company has been manipulating the
price of its digital currency, XRP, through
programmatic sales. This statement comes in
response to ongoing speculation and accusations
from various quarters of the crypto community.
Clarification on programmatic sales and market
impact
Schwartz emphasized that Ripple's approach to
XRP sales has been transparent and carefully
managed to avoid any undue impact on the
market price. As Schwartz explained,
programmatic sales are conducted on exchanges
and are part of Ripple's market-making activities.
These sales facilitate liquidity, allowing for
smoother transactions for buyers and sellers
alike. According to Schwartz, such transactions
tend to have a slight net effect of reducing
Ripple's XRP holdings but are not intended to
manipulate the market price.#
#xrp✈️