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No, Ripple’s market cap is completely fictitious. The circulating supply is tiny and if this “billionaire” tried to liquidate a significant portion of these ri
by nextstep 9y ago
No, Ripple’s market cap is completely fictitious. The circulating supply is tiny and if this “billionaire” tried to liquidate a significant portion of these ripple tokens, it would crash the market. Look at the 24h trading volumes for xrp.
- cryptoz 9y agoIf Zuckerberg tried to liquidate a significant portion of his Facebook stock that would also crash the market.
- etcet 9y agoIt looks like it's trading around between $1B and $8B a day: https://coinmarketcap.com/currencies/ripple/historical-data/ https://coinmarketcap.com/currencies/ripple/historical-data/ It doesn't seem that difficult to cash out at least few billion with that kind of volume.