Ripple CTO's Bold Defense Amidst Manipulation Claims: What's the Motive? Ripple's CTO, David "JoelKatz" Schwartz, took to X (formerly Twitter) to
shut down allegations of
XRP manipulation. But what's behind this latest storm in the Ripple?
Ongoing concerns over Ripple's handling of XRP sales and its impact on prices have led to a wave of
suspicion and finger-pointing.
Schwartz, however, is left scratching his head, asking, "
What would be our motive for manipulation?" It's a puzzle he believes doesn't fit.
Setting the record straight, Schwartz clarifies that Ripple had already put the brakes on
programmatic sales, as stated in their Q1 2023 report. No funny business there.
But not everyone is convinced. GenesisLedger claims Schwartz misled the community with a decrease in XRP holdings. The plot thickens.
Schwartz counters with an explanation of the terms, highlighting that
liquidity-boosting programmatic sales are different from Ripple's
ODL-driven transactions.
Despite the controversy, XRP's recent surge above $0.55 has crypto enthusiasts buzzing with optimism about its future. Will it ride this wave or face another storm?
In a sea of accusations and suspicions, Ripple's CTO stands firm, defending the company's actions while the XRP ship sails into uncertain yet hopeful waters.
