š„ Pundit Says Ripple Selling XRP and Repurchasing It Is Not Manipulation š„
š X user Sherrie disagreed that Rippleās XRP sales were manipulative.
š The commentator believes Rippleās selling and repurchasing of XRP is not manipulation.
š Sherrie backed this claim by citing audits and legal investigations into Rippleās transactions.
The debate around Rippleās XRP sales and its impact on XRPās market value has remained a heated topic in the crypto community. Allegations of deliberate price manipulation by Ripple reached a new height recently following the disclosure of how Ripple leveraged various bots services to orchestrate its routine XRP sales.
However, some commentators, such as X user Sherrie, disagreed that Rippleās actions were manipulative. In a recent thread, Sherrie delved into the nuanced difference between manipulation and causation.
Drawing parallels with everyday scenarios like dropping an apple, Sherrie distinguished between intentional manipulation and the natural consequences of actions. The commentator believes Rippleās decision to sell XRP is not necessarily manipulative, regardless of the marketās response to such action.
Furthermore, Sherrie addressed the notion of market manipulation by using the example of Apple selling and rebuying shares to control prices. Contrary to popular belief, Sherrie argued that such actions, while affecting supply and demand dynamics, do not necessarily constitute manipulation but rather a fundamental principle of economics.
On this premise, Sherrie emphasized that Rippleās selling and repurchasing of XRP did not amount to market manipulation. She backed her claim by citing audits and legal investigations into Rippleās business transactions:
"After multiple audits and investigations into the business, it was determined by evidence and a federal judge that XRP follows Bitcoin."
Essentially, Sherrie asserted that Rippleās conduct aligns with market norms and regulatory standards as no illegal activities were identified on their side. Moreover, she noted that the July 2023 victory ruling reinforced the legality of Rippleās XRP sales, further dispelling claims of illicit manipulation.
https://coinedition.com/pundit-says-ripple-selling-xrp-and-repurchasing-it-is-not-manipulation