And all of that volume happening on the various exchanges (like the 232,348.28 that traded on [RippleChina](https://ripplecharts.com/market/CNY:RippleChina/XRP) the past 24 hours) is mostly Ripple Labs buying XRP, right?
This is just… dumb. And it makes no sense.
Ripple Labs can slow down or even stop distributing XRP until the price goes back to where they'd want it. No need to do buybacks when RL (at least for now) control the vast majority of the currency.
You should stop with these posts; it's just getting more embarrassing.
Comments
Ripple is a scam, stop lying to yourself.
It's pretty obvious that the only lying going on is coming from you.
It's pretty obvious that Ripple Labs is buying back their own currency on the exchanges based on the volume. It's called damage control…
Yes because Ripple Labs, fresh from raising [an additional $3.5 million in funding](http://www.finsmes.com/2013/11/ripple-labs-raises-3-5m-fundi...) was clearly in really bad shape.
And all of that volume happening on the various exchanges (like the 232,348.28 that traded on [RippleChina](https://ripplecharts.com/market/CNY:RippleChina/XRP) the past 24 hours) is mostly Ripple Labs buying XRP, right?
This is just… dumb. And it makes no sense.
Ripple Labs can slow down or even stop distributing XRP until the price goes back to where they'd want it. No need to do buybacks when RL (at least for now) control the vast majority of the currency.
You should stop with these posts; it's just getting more embarrassing.
You should stop with these posts; it's just getting more embarrassing.