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May 22, 2025

Ripple CTO Denies $237 Million XRP Purchase Rumors Amid Speculation

A recent report by Whale Alert showing a significant $237 million XRP transfer ignited a flurry of speculation within the crypto community. Many believed that a major investor had made a massive purchase of XRP. However, Ripple’s Chief Technology Officer, David Schwartz, quickly dismissed these claims, asserting that the nature of the transfer does not necessarily imply a new buy. This incident emphasizes the importance of not jumping to conclusions based solely on transaction data. As the crypto market evolves, clarity and transparency will remain crucial for investor confidence and market stability.

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