CEO Ripple Denies XRP Drop Charges

Despite regularly selling large amounts of XRP, on January 5, the CEORipple stated thatThe company has no intention of dumping its own token.

In an interview with CNN, Brad Garlinghouse said:

Ripple is XRP's largest holdercommunity, and we are most interested in the success of the blockchain ecosystem. Ripple's accusations of dropping a coin are completely unfounded, as this is contrary to our interests. It’s worth adding that we also took measures to block most of our XRPs in escrow accounts

The comments of the head of Ripple diverge from the actions of the company. As previously reported, Ripple has long been selling XRP in bulk, and last year the company sold a record number of tokens.

In addition, in early 2020, Ripple withdrew 1 billion XRP (worth about $ 200,000) from escrow accounts.

It is worth noting that during the interview, Garlinghouse also denied the fact that the company could influence the price of XRP. He said:

In no case. Ripple cannot control the price of XRP more than the whales control the price of BTC.

Recall that recently, Mati Greenspan, founder of Quantum Economics, called Ripple the main culprit for the low price of XRP.

Based on materialscointelegraph.com