Ripple CTO Emeritus David Schwartz has debunked a social media rumor claiming the company secretly pre-allocated the vast majority of its XRP escrow to hidden institutional players.
Bitcoin Lost $70,000: What's Next? Is Chainlink Hiding $10 Potential? XRP Aims at $1.20 Once Again: Crypto Market Review The majority of Ripple's locked XRP escrow, which releases tokens on a monthly basis, was already secretly earmarked for institutional buyers or specific partners.
This was supposedly done through private contracts. Retail investors were allegedly being kept in the dark about the true distribution of the asset .Schwartz argued that such subsidies create a fragile business model. To illustrate his point, he compared the strategy to the early days of the ride-sharing giant Uber. He noted that loss-making subsidies often attract users who will immediately abandon when there is an option to do so. Schwartz stressed that Ripple prefers organic growth, allowing XRP's utility to drive institutional adoption without the need to manufacture artificial demand. Bitcoin Lost $70,000: What's Next? Is Chainlink Hiding $10 Potential? XRP Aims at $1.20 Once Again: Crypto Market Review Bitcoin Lost $70,000: What's Next? Is Chainlink Hiding $10 Potential? XRP Aims at $1.20 Once Again: Crypto Market Review
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