Why are XRP Investors angry with Ripple?

Steven ZeniosSteven Zenios04/09/20191min
There seems to be a civil war brewing among the XRP community and part of the reason is that the company is not recovering from its downtrend. Many investors are also frustrated with how Ripple is flooding the market with XRP.

They are so angry that some of them have filed petitions on social media platforms like Twitter, requesting that the company stops selling tokens. According to sources, traders were alerted that an XRP holder was selling 1 billion XRP with a value of $258,488,781.

Other members of the XRP community have expressed their frustration about Ripple selling XRP to its clients to fund various investments.

According to XRP investor CryptoBitlord, he’s considering forking XRP so they don’t have to deal with founders dumping, but this will be a community effort.

It’s important to note that Ripple still stands as the 3rd largest coin by market cap and its current value is $0.2620. It seems that every time the price dips below $0.2500, investors come in and support XRP.

Meanwhile, Bitcoin has completed a full U-turn after a sudden sell-off last week and begun climbing back above the $10,655 mark where it’s currently resting. That’s a 7% increase in a 24-hour trading period.

 

Steven Zenios

Steven Zenios

Steven Zenios is a young author and designer with strong passion. A specialist in web design and development, blogger, author and Blockchain entrepreneur. He is the CEO of Web Theoria, a digital agency based in Cyprus. In the last 10 years, he has vastly improved his knowledge and skills to produce great pieces of work, both in the web design industry and article/blog industry. Contact Steven at +357-22029786 ext: 6120 or by email at szenios@highworthcitizen.com for editorial related questions.



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