Ripple (XRPUSD)

[MindlessSelf]

If I were a huge whale investor, I would be soaking up as much circulating xrp as I could and drive the price up.

I don’t understand why a Wall Street hedgefund doesn’t just sweep in and buy it all up and drive the price up.

You hear about these companies doing multi billion dollar buyouts of companies. There is about 42billion in circulation. I would say about half is tied up with investors and utility and maybe 20 billion could be purchased. Perhaps even less is available for sale. So 8 billion would buy up all the free xrp assuming there is even that much available.

They could then do what btc whales do and short xrp and dump it on market or they could hold it and sell at a premium with a monopoly of the xrp supply making them the next ripple or r3