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HomeCrypto NewsMarketAnalyst Reveals "Shocking Truth" About Ripple XRP Sales, Says They’re Not for Profit

Analyst Reveals “Shocking Truth” About Ripple XRP Sales, Says They’re Not for Profit

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A notable voice in the XRP community recently took to X to reveal some ‘shocking truth’ about Ripple’s continued XRP sales. 

Notably, Ripple’s XRP deals are part of its monthly release of 1 billion tokens from escrow. While Ripple relocks up to 700 million of the released funds in escrow, it keeps the remaining tokens in separate blockchain wallets, ready for sale at any time. 

Meanwhile, controversies have continued to surround Ripple’s XRP sales. Many suggest that the company is dumping the tokens for profit alone. Others believe that Ripple’s sales negatively impact the price of the token. 

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“Shocking Truth” About Ripple’s XRP Sales 

However, popular community commentator “Stellar Rippler” suggested that the proceeds of Ripple’s XRP sales have primarily been used to “quietly buy the future.”

He asserted that Ripple has been using the proceeds from XRP sales to acquire pieces of the new financial system. He suggested Ripple is not selling XRP solely for profit, but strategically deploying the proceeds into significant initiatives.

According to the analyst, the proceeds have funded Ripple’s partnerships, acquisitions, and projects like RLUSD. He highlighted some of Ripple’s major partnerships over the years, including collaborations with SBI, Tranglo, and Bitstamp. In terms of acquisitions, Ripple has purchased significant companies like Hidden Road and Metaco.

SEC Lawsuit: A Blessing in Disguise 

The XRP proponent also emphasized that Ripple has achieved these feats despite its involvement in a heated legal tussle with the SEC. Interestingly, he described the SEC lawsuit as a strategic cover and a blessing in disguise.

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According to him, the case kept retail investors distracted with courtroom drama. Meanwhile, Ripple quietly executed multi-million-dollar acquisitions, developed its stablecoin, and expanded its global payment network.

Stellar Rippler suggested Ripple has been quietly building its own version of ‘BlackRock,’ establishing a presence in tokenized real-world assets (RWA), remittance infrastructure, custody, and tokenized dollars.

Now that the lawsuit nears its conclusion, he believes XRP’s true purpose is becoming more apparent.

Ripple Now Competes Across Multiple Fronts 

Furthermore, Stellar Rippler described Ripple as playing ‘geopolitical chess’ over the years, noting the company is now competing across multiple fronts. 

In his view, Ripple now challenges SWIFT with its RippleNet rails, rivals BlackRock through its institutional custody ventures, and takes on stablecoin issuers like Tether and Circle via RLUSD.

In light of these developments, Stellar Rippler believes Ripple is not dumping XRP for profit. Instead, it is using the proceeds effectively to gain influence over global liquidity.

“And when the switch flips… most won’t catch up. We’re not early or late. We’re right on time,” Stellar Rippler remarked.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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