• Ripple Confirms Continued XRP Sales to Fund Operations
• David Schwartz Reaffirms XRP is Not a Security
• Ripple Holds Vast XRP Reserves, Not Intended for Quick Sale

Ripple CTO, David Schwartz, recently confirmed via a post on X that Ripple is indeed selling XRP tokens to keep things running and plans to continue this practice. He clarified that Ripple’s decisions will prioritize the company’s best interests, cautioning the public not to assume Ripple will always act in their favor, especially if it might negatively impact Ripple or its shareholders. This conversation was sparked after Pierre Rochard stated his view that XRP is not a security.

Ripple’s Focus: Company Gains and Long-Term Sustainability

From a business perspective, what Schwartz is saying is quite logical. As a public company with shareholders, Ripple is naturally going to place its own profitability and long-term survival at the forefront, often ahead of individual user requests. So, even if some users advocate for changes that might offer quick benefits to them, Ripple isn’t going to jeopardize its core business or financial stability just to please everyone.

Essentially, as a publicly traded entity, Ripple has a legal and ethical responsibility to act in the best interests of its investors, and sometimes, those decisions might not perfectly align with the immediate wishes of all users or community members.

Ripple’s Staying Power

Schwartz also reminded the community of Ripple’s long-standing presence in the crypto world, emphasizing their 14 years in the industry. He was essentially pointing out that Ripple is no fly-by-night operation. This history should inspire confidence that Ripple’s team and technology are here for the long haul, contributing to the overall steadiness of the XRP ecosystem.

Furthermore, he mentioned that Ripple has such a massive stockpile of XRP that it’s impossible to sell it all off quickly. To put it another way, Ripple holds a significant amount of XRP that they’re not looking to liquidate rapidly.

This reluctance to rush XRP sales helps to avoid sudden market dumps. It implies that even during volatile market conditions, Ripple’s actions are unlikely to drastically increase XRP’s price swings.

In essence, Schwartz’s message is a heads-up to the community: while Ripple is committed to developing innovative tech and products like XRP and RippleNet, they can’t be expected to finance or make changes that could harm their own financial health or competitive edge.