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A comment on Ripple co-founder fifth richest person in US, rivaling Zuckerberg. Parent comment

Re:Ripple co-founder fifth richest person in US, rivaling Zu... by nextstep on Sunday January 07, 2018 @07:51PM (#16093831)
No, Ripple’s market cap is completely fictitious. The circulating supply is tiny and if this “billionaire” tried to liquidate a significant portion of these ripple tokens, it would crash the market. Look at the 24h trading volumes for xrp.
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Re:Ripple co-founder fifth richest person in US, rivaling Zu... by etcet on Sunday January 07, 2018 @09:16PM (#16094164)
It looks like it's trading around between $1B and $8B a day: https://coinmarketcap.com/currencies/ripple/historical-data/

It doesn't seem that difficult to cash out at least few billion with that kind of volume.

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Re:Ripple co-founder fifth richest person in US, rivaling Zu... by cryptoz on Sunday January 07, 2018 @08:01PM (#16093871)
If Zuckerberg tried to liquidate a significant portion of his Facebook stock that would also crash the market.
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