1/3rd of XRP is locked in treasury, another 3rd is in escrow, and they just locked another 14mil into escrow. How much is available currently on the market? Every ETF was delayed, when they drop couldn't a squeeze actually happen despite the crashing markets? I think I'm taking crazy pills here, but are the baggies right? Someone talk me out of a suicide stack.
>>61231876You seem genuinely interested, so here article for you >https://blockworks.co/news/ripple-xrp-sec-lawsuit-marketsThey bought more than 8B worth of XRP during the lawsuit, I’d say on average 40c per coin, do the math. In Q1 last year, they stopped reporting purchases. Long story short, there’s less XRP available than people think. The price increase in December last year was because of Trump; it was because nobody was selling below the dollar.
>>61232000Is there anyway to get exact numbers on this? >>61232000
>>61232192>>61232000On how much is actually left on the market that is
>>61232192AFAIK about 1.9B is held by retail currently, I don't know how much "available currently on the market".
But yeah, I believe in supply shock happening sooner than later.
>>61232308
>>61231876Do you know how many etfs are coming?Most of them are in kind, requiring them to hold the underlying asset.Then there is flare, doppler and midas that recently launched yield for xrp. Then there is metaco and hidden road. What do they do? Custody, holding on behalf of clients.
>>61232684>desperate shill fagIDGAF if you buy XRP or not, he was genuinely interested, I answered what I knew. Why would a shill a coin of a multibillion company for free? Pay me and I will do it no problem.
Idk if I should be saying this... I bought at 17 cents. Im a top 5 percent wallet holder.
>>61232316Retail took all of Jeds bags before the pump. Jed is an absolute retard for doing that. He was selling at pennies when he could have sold it at 3.60... whata fucking mog.
>>61232718>Jed is an absolute retard for doing thatHe was forced to sell, this was part of agreement. He is definitely not stupid.
>>61232725Here is the problem. He was forced to sell.HE DID NOOOOT BUY BACK IN.
>>61231876I think with some of the ETFs you get a yield/stake reward or something. FXRP or MXRP, theres a bunch lined up idr exactly. But that'll tie up a bunch of XRP aswell.
>>61231876>How much is available currently on the market?Like 12b xrp on the known central exchanges, so at current prices around 1/5th of the mcap >https://cryptoquant.com/asset/xrp/chart/exchange-flows/exchange-reserve?exchange=upbit&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
>>61235467also where are you getting the 1/3 treasury number? I thought its at 400 million rn? Anyway with escrow at 35b xrp in escrow, and total 60b circulating, that leaves 25b xrp, with a bit less than 50% of that being on exchanges
the only people making money here are the influencers getting paid to pump preminer bags
