The talk round Ripple’s XRP gross sales and its influence on XRP’s market worth has remained a heated subject within the crypto group. Allegations of deliberate worth manipulation by Ripple reached a brand new top lately following the disclosure of how Ripple leveraged numerous bots providers to orchestrate its routine XRP gross sales.
Nevertheless, some commentators, reminiscent of X person Sherrie, disagreed that Ripple’s actions had been manipulative. In a current thread, Sherrie delved into the nuanced distinction between manipulation and causation.
A 🧵 to understanding ‘manipulation’ versus ‘causation’
When you’re within the information then learn on because it pertains to XRP.
*Necessary: I’m utilizing a screenshot from one other particular person not for the aim to embarrass them so please be respectful by not naming (if you recognize)
— Sherrie 🌸 (@CherryEmpress21) March 6, 2024
Drawing parallels with on a regular basis eventualities like dropping an apple, Sherrie distinguished between intentional manipulation and the pure penalties of actions. The commentator believes Ripple’s choice to promote XRP is just not essentially manipulative, whatever the market’s response to such motion.
Moreover, Sherrie addressed the notion of market manipulation by utilizing the instance of Apple promoting and rebuying shares to manage costs. Opposite to in style perception, Sherrie argued that such actions, whereas affecting provide and demand dynamics, don’t essentially represent manipulation however quite a elementary precept of economics.
On this premise, Sherrie emphasised that Ripple’s promoting and repurchasing of XRP didn’t quantity to market manipulation. She backed her declare by citing audits and authorized investigations into Ripple’s enterprise transactions:
After a number of audits and investigations into the enterprise, it was decided by proof and a federal decide that XRP follows Bitcoin.
Basically, Sherrie asserted that Ripple’s conduct aligns with market norms and regulatory requirements as no unlawful actions had been recognized on their aspect. Furthermore, she famous that the July 2023 victory ruling strengthened the legality of Ripple’s XRP gross sales, additional dispelling claims of illicit manipulation.
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