By macropolo
XRP is no stranger to FUD, both on social media and in tech journalism. The Forbes article titled “Is Ripple a Scam?” is an excellent example of this. The author alleges, amongst other things, that Ripple is a pump and dump scheme. This is a peculiar thing to suggest considering that
Ripple only used 300 million of the 3 billion XRP released to them from their cryptographically secure escrow during the first quarter of 2018. The massive stock of XRP the author mentions (55 billion) is locked away in escrow on a timed-release schedule of a billion a month. There is currently no way for Ripple to dump the total mass of its XRP holdings onto the market. Q1 2018 was the time-frame that XRP had reached its all-time high. Ripple indicates that their XRP sales during that quarter were only 0.095% ($167.7 million) of global XRP trades. They ostensibly could have sold far more than they did.
