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by JumpCrisscross 2003 days ago
> The real test will be how much further XRP drops (or doesn't) from here

Do we know who holds most XRP?

Naïvely, I would guess retail investors and the company. I am not convinced either will be convinced to abandon ship by anything short of a court order.

1 comments

Most sources put that at Ripple and/or its two top execs. They obtained these positions by virtue of the Ripple consensus protocol, which conjured the coins into being and granted the network creator (Ripple) sole ownership.

AFAICT, that's the crux of what SEC will be going after.