Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse

Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse
фото показано с : zycrypto.com

2021-4-23 17:31

Ripple has been in the news for some undesired reasons of late, especially due to the ongoing case pitting the company against the US SEC. However, that hasn’t stopped Ripple’s crypto, XRP, from blossoming, although it hasn’t gained by much compared to other top cryptos like Bitcoin and Ethereum.

For years now, members of the XRP community have called out Ripple for stalling its price by flooding the market with millions of XRP unlocked from escrow every month. Some have even called for an XRP fork to put a stop to Ripple’s meddling. Now, there seems to emerge a new angle that could solve this burning issue and possibly send XRP price skyrocketing.

Ripple Wouldn’t Stop A Coin Burn

During a recent interview hosted by Thinking Crypto, Ripple CEO Brad Garlinghouse affirmed the possibility of a new era for XRP. When asked if the locked XRP could be burned, the CEO said that he was welcoming workable opinions on how to solve the impasse, adding that he doesn’t rule out any possibility.

This scenario was entertained way back in December by Ripple’s CTO David Schwartz while responding to a tweet in a thread. According to the CTO, Ripple wouldn’t act against a community resolution to burn the XRP coins in escrow.

No Dumping Of XRP

Brad following that assertion with an even more colorful opinion, saying that it would be counter-productive for Ripple to dump the locked XRP into the market. It goes without saying that such action would gravely degrade the token’s price and possibly instigate a serious exodus of users from the XRP ecosystem.

XRPUSD Chart By TradingView

At the moment, Ripple holds around 47 billion tokens worth roughly $64 billion. These coins are locked in an XRP Escrow set to gradually release them for sale in the market. Notably, the XRP in escrow is slightly more than the 45 billion XRP already circulating in the market.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0365 (+0.23%)
Объем 24H $2.728b
Изменеия 24h: -1.42 %, 7d: -7.57 %
Cегодня L: $2.0188 - H: $2.0475
Капитализация $122.864b Rank 4
Цена в час новости $ 1.1389 (78.81%)

ripple xrp hasn although gained crypto however

Источник: zycrypto.com

ripple xrp → Результатов: 126


The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap

After days of red candles and growing investor fatigue, Ripple (XRP) is losing its grip on the payments crown. Even as Evernorth’s billion-dollar treasury deal made headlines, the Ripple coin price The post The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap appeared first on AMBCrypto.

2025-10-23 18:00


Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters

A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.

2025-9-7 14:00


Ripple и SEC отозвали апелляции: дело по XRP официально закрыто

Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.

2025-8-8 08:41


Ripple станет банком XRP, — мнение основателя Bitwise

Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.

2025-7-11 17:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BlackRock XRP ETF Speculation Hit New Highs As XRPC Performance Shocks Markets

The speculation surrounding a potential BlackRock XRP ETF has surged to new heights. This surge is a direct consequence of the astonishing market debut of the Canary XRPC ETF. Canary XRP ETF’s launch has painted a clear picture of robust institutional and retail demand for a regulated XRP investment product.

Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go?

A debate over the XRP Ledger’s (XRPL) economy model has ignited after Ripple’s Chief Technology Officer (CTO), David Schwartz, directly addressed questions about taxation on the blockchain. Critics have suggested that if XRP holders do not earn from the ecosystem, someone must be collecting a tax.

Why This Pundit Believes XRP Could Become A ‘Joke’ As ETFs Go Live

A recently shared image on X showing the full lineup of pending XRP ETF filings prompted a blunt response from market commentator Robert Ledferd. Instead of offering predictions or excitement, he framed the moment as a straightforward test for the asset, noting that if XRP cannot climb into double-digit territory once this many ETFs are live, the market may end up treating it as a joke.