From Coinpedia · By Anjali Belgaumkar
A debate over XRP’s supply has broken out on X after a long-time holder argued that Ripple’s business success is not translating into demand for the token. The holder said that Ripple releases 1 billion XRP from escrow each month but usually locks about 700 million back up, leaving roughly 300 million in net circulation monthly. That adds up to about 3.6 billion XRP a year, creating a large potential supply that could weigh on price even if not all of it is sold. The suggested fixes include clearer reporting on XRP sales, permanently burning part of the unused escrow, and faster growth in XRP use for lending and collateral. Lawyer Bill Morgan, a well-known voice in the XRP community, rejected the burn idea. He said asking Ripple to destroy billions of dollars of its own assets is impractical and will never happen.
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TagsCrypto news Ripple (XRP)