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Former Ripple Director Shares Insights on Ripple's Impact on XRP Price

Matt Hamilton, former Director of Developer Relations at Ripple, shared insights on the relationship between Ripple's holdings and the price fluctuations of XRP during a Twitter debate. While Ripple is the largest holder of XRP with 48 billion tokens, the majority of these holdings are kept in escrow contracts and only a small fraction is sold.

Hamilton argued that Ripple's influence on the market is limited compared to the global daily sales volume of XRP, which is around 4 billion tokens. The price of XRP is largely driven by market forces and the performance of Bitcoin, and Ripple's holdings could be burned if the community deemed it necessary.

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