Ripple CTO David Schwartz responded to criticism regarding the release of 1 billion XRP tokens from escrow in December 2024. The token release is part of Ripple's plan to manage XRP supply and support ecosystem development. Schwartz defended Ripple's practices, emphasizing the transparency of their escrow system. However, concerns about the impact of these releases on XRP's market value persist. Furthermore, uncertainty in South Korea, a major market for XRP, has contributed to the token's struggle and a drop in price.



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