In an interview for CNN Ripple’s Brad Garlinghouse admits that the XRP community Ripple is the largest owner of coins and the reason for that is that Ripple does not want another party buy all that big amount and dump it into the market.
Garlinghouse also admits that basically they can control the price.
So Ripple’s Brad Garlinghouse basically admits that they are dumping XRP onto their investors and they control the price of their shitcoin 😂🤣😂 (TURN AUDIO ON🔊🔊🔊) pic.twitter.com/mtkdfnRGqa
— Crypto Meme Central 🔞 (@CryptoScamHub) September 13, 2019
Thank you @jchatterleyCNN for asking the questions that the market wants answered about Ripple.
— Luke Martin (@VentureCoinist) September 12, 2019
At the time of writing XRP price is hovering around $0.25. The top price ripple hit in January 2018 was $3.78 dumping after that in less than two weeks to $1 per coin.
What are your thoughts about the centralization of Ripple, moreover when their CEO admits that they can control the price?