This Trader Sees No Value in Ripple and Its Cryptocurrency XRP
Ripple, a company behind XRP cryptocurrency, became a $10 billion blockchain giant after raising $200 million in a funding round earlier this month. But according to one prominent trader, the San Francisco firm has no value.
Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, criticized Ripple for sucking value out of the XRP cryptocurrency. The analyst said that Ripple is actively selling millions of dollars worth of XRP tokens to fund its operations. He added that Rip
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