XRP Community Threatens with Hard Fork for Ripple’s Monthly Sales

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In the past few days, the highly active tranches out of the Ripple wallet were interpreted as attempts to sell some of the XRP held in the company’s treasury. Ripple locked up 55 billion XRP, with the right to unlock and sell up to 1 billion coins each month. The community around the project saw this as a betrayal, potentially depressing the XRP market price.Ripple uses some of the coins for direct donations, to popularize the asset and its network that aims to compete with banks’ SWIFT network. However, the selling pressure is seen as a threat to the asset’s price, especially combined with the smaller sales coming from Jed McCaleb, one of Ripple’s early co-founders and founder of Stellar (XLM).Over the years, XRP has gone through cycles of extreme hype and skepticism. The asset was seen as potentially displacing Bitcoin (BTC) and taking over worldwide money transfers, thus commanding…

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