Ripple CTO, David Schwartz, defended the sales of XRP tokens by stating that Ripple has no obligation to hold them. He argued that Ripple acts in its own interests and is free to sell XRP tokens to increase operational capital. Similarly, Riot Platforms VP, Pierre Rochard, supported this view by emphasizing that XRP owners have no rights other than selling and stated that XRP is not a security. These comments were made in response to discussions about Ripple's sales and the relationship between Ripple and XRP. The article also mentions that a dormant XRP wallet holding over $7 billion tied to Ripple co-founder Chris Larsen was uncovered. XRP experienced a surge but has since failed to hold above $3 and is currently trading at $2.4.



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