The Ripple Labs is free to sell XRP tokens to raise operating capital, according to comments from the company’s chief technology official. His comments have brought concerns to cryptocurrency investors.
“XRP is not a security because Ripple doesn’t really owe you ‘utility’ or whatever,” Pierre Rochard, vice president of research on Riot platforms, write In a post of March 5 x.
“They are free to fall for you and you have no right to do anything about it other than joining them at the XRP disposal,” said Rachard, warning that investors are “not investing in Ripple,” “Getting tokens created by thin air thrown into you.”
Source: Pierre Rochard
“100% right. Imo, ripple can, will, and should act in its own interest,” Reply David “Joelkatz” Schwartz, the chief officer of Ripple technology, addition:
“You should not expect Ripple to act on your interest in ruining its own interest or its shareholders.”
Comments come in a period of increased investor interest in Ripple’s XRP (XRP) Reserves, just two days after blockchain investigator ZachXBT with a dormant XRP wallet worth more than $ 7 billion, which may include ripple co-founder Chris Larsen.
“With the announcement of the US crypto reserve here’s your reminder that XRP addresses activated by Chris Larsen (co-founder of Ripple) still hold 2.7B+ XRP ($ 7.18B) and these addresses tied to him transferred $ 109M+ worth of XRP to exchanges in January 2025,” the investigator wrote in a March 3 3 Telegram Post.
However, most of these addresses have been a dormant for more than six years, which means Larsen may have lost access.
Related: Trump to pose first White House Crypto Summit on March 7
The XRP Rally is short lived despite the Trump Reserve announcement
XRP has released the broader crypto market with Cardano’s (Ada) And Solana (Sol) Token On March 3 after the US president Donald Trump announced that his working group in digital assets was assigned to include these three altcoins in the US crypto strategic reserve, with Bitcoin (Btc) and ether (eth).
Despite the news, XRP could not recapture the $ 3.00 psychological score, after the release of $ 2.99 on March 2, before falling into the current $ 2.50 mark, cointelegraph markets Pro Data displays.
XRP/USD, 1-month chart. Source: Cointelegraph
However, analysts warned that the Altcoin rally may be short -lived Trump’s crypto reserve is subject to the approval of Congress, a lengthy process that could lead to investor failure, Aurelie Barthere, chief research analyst of blockchain analytics firm Nansen told cointelegraph, addition:
“I think developing a reserve by buying new tokens is a complex process that will need Congress’ vote, so it will take time. I’m a bit careful about maintaining the move now.”
Related: Memecoins: From society experiment to tools ‘Value Value Tools’
Trump had previously promised to establish a “strategic national bitcoin stockpile” at the Bitcoin 2024 conference in Nashville, Tennessee.
https://www.youtube.com/watch?v=Q980_6DJFyu
Magazine: SCB Tips $ 500K BTC, SEC Densterns Ether ETF Options, and More: Hodler’s Digest, Feb. 23 – March 1
