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It depends. Surely they could not instantly dump all of their "ripple assets" and expect the market to absorb it. But currently the 24-hours trading volume is 6
by bmking 9y ago
It depends. Surely they could not instantly dump all of their "ripple assets" and expect the market to absorb it. But currently the 24-hours trading volume is 6.6 billion USD (https://www.livecoinwatch.com/price/Ripple-XRP https://www.livecoinwatch.com/price/Ripple-XRP). A huge part of that may be wash trading due to some zero-fee exchangers. Nevertheless I am speachless how relatively speaking a lot of money is actually being poured into this right now.
- Anderkent 9y agoThe market depth is a more interesting metric than volume. As you say wash trades, or just short-term speculative trades, inflate volume without actually impacting the size of the market.
- shepardrtc 9y ago> Surely they could not instantly dump all of their "ripple assets" They can't. They've escrowed that 60 billion away and will release it to institutions at regular intervals. Any XRP that isn't bought will be put back in escrow. The executives that have large amounts of XRP themselves are contractually obligated to not dump it. They can only sell a certain amount per week. I think its like 10,000 or something (but I could be wrong on that).