{"id":409570,"date":"2020-01-03T08:00:42","date_gmt":"2020-01-03T08:00:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=409570"},"modified":"2020-01-03T08:02:52","modified_gmt":"2020-01-03T08:02:52","slug":"why-is-the-xrp-army-so-riled-at-ripple-crypto-token-movements","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/why-is-the-xrp-army-so-riled-at-ripple-crypto-token-movements\/","title":{"rendered":"Why Is The XRP Army so Riled at Ripple Crypto Token Movements?"},"content":{"rendered":"

It does not take much to instigate a tweet war among the crypto community these days. Token prices are rock bottom and many of the top assets, including Ripple\u2019s XRP, just keep dumping.<\/p>\n

Ripple Moves Another $200 Million<\/h2>\n

San Francisco based fintech firm Ripple started off the year with another questionable token movement. A further 200 million XRP were transferred from the Ripple Escrow wallet to Ripple according to the \u2018whale alert\u2019 account<\/a>.<\/p>\n

A further alert<\/a> suggested that the company was preparing to dump them onto the market putting more pressure on the already battered token prices.<\/p>\n

Research firm Weiss Ratings has recently commented on the bizarre tokenomics much to the chagrin of the XRP army of supporters.<\/p>\n

\u201c2020 at Ripple begins with a further release of XRP tokens worth $192 million as part of a planned incentive scheme. These constant dumps that Ripple makes are not helping the price of XRP, that’s for sure.\u201d<\/p><\/blockquote>\n

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\u20602020 at #Ripple<\/a> begins with a further release of #XRP<\/a> tokens worth $192 million as part of a planned incentive scheme. These constant dumps that Ripple makes are not helping the price of XRP, that's for sure. #crypto<\/a> #cryptocurrrency<\/a><\/p>\n

— Weiss Crypto (@WeissCrypto) January 2, 2020<\/a><\/p><\/blockquote>\n