Peter Smith
The crypto world is buzzing again about whether Ripple actually ran an ICO back in the day. Sure, the company swears they never did one, but people are starting to ask tough questions about how they sold chunks of their massive XRP stash to raise money.
A controversial tweet that's making rounds puts it bluntly: "Ripple may not have done an 'ICO', but they for sure raised a lot of money selling portions of the 80 Billion XRP they minted for themselves. Pretty much the same thing as an ICO." And honestly? That's got people talking.
XRP Price Stays Cool Despite the Drama
Here's the thing though - XRP price isn't really freaking out about this whole debate. The token's been holding pretty steady around key levels, which is actually kind of surprising given how these regulatory conversations usually play out in crypto.
The market seems to be taking a "wait and see" approach right now. Maybe traders are getting used to XRP controversy, or maybe they're betting this won't turn into anything bigger. Either way, the price action has been pretty tame compared to what we've seen before.
What This Could Mean for XRP Price Moving Forward
Look, we've been down this road before with XRP and regulatory drama. The SEC lawsuit taught us that legal uncertainty can absolutely hammer crypto prices when things get serious. If regulators decide to take another hard look at Ripple's early days, we could see some real volatility.
But here's the flip side - XRP isn't just sitting around anymore. Ripple's actually using it for real stuff like cross-border payments, and that practical utility might help cushion any regulatory blows. The token has evolved beyond just being Ripple's fundraising mechanism.
Peter Smith
