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Ripple Denies Rumors of Buying Back 10 Billion XRP Tokens Worth $5 Billion

June 26 (Cointime) - Cryptocurrency social media has been abuzz with rumors that Ripple plans to buy back 10 billion XRP tokens worth nearly $5 billion.

However, John Deaton, a lawyer representing XRP holders, has expressed skepticism until the company confirms it. The rumors have spread quickly, but David Schwartz, Ripple's CTO, dismissed them, stating that there is no official source mentioned.

Despite the rumors, XRP has seen a 1.4% loss in the past 24 hours and a 1.2% loss in the past seven days.

Cryptocurrency Ripple XRP
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  • cointelegraph ·

    Why is XRP price up today?

    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
    Why is XRP price up today?

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