Mason Versluis1.5 Million+ Creator, Founder, Investor

XRP WHALES CANT EVEN LEGALLY SELL?!?

Name: XRP WHALES CANT EVEN LEGALLY SELL?!?
Uploaded: 2023-01-26T00:58:06+00:00
Duration: 48 s
Channel: Mason Versluis
Description: In this brief commentary, the speaker highlights newly discovered documents that allegedly show Ripple Labs has entered legally binding agreements with…

26 Jan 2023 · 1 min

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0:48

In this brief commentary, the speaker highlights newly discovered documents that allegedly show Ripple Labs has entered legally binding agreements with insiders and large XRP holders that prohibit them from selling significant amounts of XRP. He reacts with surprise, dismisses conspiracy theories that such contracts could lock users out of their XRP, and emphasizes that XRP remains tradable on both decentralized and centralized exchanges. The discussion underscores the oddity of these alleged contracts and their potential impact on market perception of XRP whales.

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Is possible that some of the largest XRP holders are legally not allowed to sell their XRP? Check out these documents that were found. Ripple Labs— this document says Ripple Labs has established legally binding agreements with insiders and owners of large amounts of XRP that protect against a large-scale sell-off of the asset. What? Huh? Like, people have this weird conspiracy that they're gonna like lock you out of your XRP or, you know, make it so that you can't sell it or whatever. No, dude, it's a decentralized cryptocurrency. As long as there's a DEX or a centralized exchange that is selling XRP, you can sell your XRP. But this is weird. Ripple Labs has contracts with insiders binding them not to sell large amounts of XRP. That's crazy.