Ripple ‘should act in its own interest’ when selling XRP

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Ripple Labs is free to sell XRP ( $1.47 ) tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors.

“ XRP ( $1.47 ) isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, $77,180.00 ) Pierre/status/1897049971377250626" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/ Bitcoin ( $77,180.00 ) Pierre/status/1897049971377250626">wrote in a March 5 X post.

“They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP ( $1.47 ) ,” Rochard said, cautioning that investors are “not investing in Ripple,” just “getting tokens created out of thin air dumped on you.”

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“100% correct. IMO, Ripple can, will, and should act in its own interest,” responded David “JoelKatz” Schwartz, the chief technology officer of Ripple, adding:

“You should not expect Ripple to act in your interest to the detriment of its own interest or those of its shareholders.”

The comments come during a period of heightened investor interest in Ripple’s XRP ( $1.47 ) ( XRP ( $1.47 ) ) reserves, just two days after blockchain investigator ZachXBT uncovered a dormant XRP ( $1.47 ) wallet worth over $7 billion, which may belong to Ripple co-founder Chris Larsen.

“With the announcement of the US Crypto Reserve here’s your reminder that XRP ( $1.47 ) addresses activated by Chris Larsen (co-founder of Ripple) still hold 2.7B+ XRP ( $1.47 ) ($7.18B) and these addresses tied to him transferred $109M+ worth of XRP ( $1.47 ) to exchanges in January 2025,” the investigator wrote in a March 3 Telegram post.

However, most of these addresses have been dormant for over six years, meaning Larsen may have lost access.

XRP ( $1.47 ) rally short-lived despite Trump reserve announcement

XRP ( $1.47 ) outperformed the wider crypto market along with Cardano ( $0.26 ) ’s (ADA) and Solana’s (SOL) token on March 3 after US President Donald Trump announced that his Working Group on Digital Assets had been directed to include these three altcoins in the US crypto strategic reserve, along with Bitcoin ( $77,180.00 ) (BTC) and Ether (ETH).

Despite the news, XRP ( $1.47 ) could not recapture the $3.00 psychological mark, after peaking at $2.99 on March 2, before falling to the current $2.50 mark, Cointelegraph Markets Pro data shows.

*XRP ( $1.47 ) /USD, 1-month chart. Source: Cointelegraph*

Still, analysts cautioned that the altcoin rally may be short-lived as Trump’s crypto reserve is subject to congressional approval, a lengthy process that may lead to investor disappointment, Aurelie Barthere, principal research analyst at blockchain analytics firm Nansen told Cointelegraph, adding:

“I think constituting a reserve by buying new tokens is a complex process that will need Congress’s vote, so it will take time. I would be a bit wary of the sustainability of today’s move.”

Trump had previously promised to establish a “strategic national Bitcoin ( $77,180.00 ) stockpile” at the Bitcoin ( $77,180.00 ) 2024 conference in Nashville, Tennessee.