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Hi Folks Quick question about the institutional Direct Sales which increase up to 581% form Q2 to Q3 SO my question is about where does the money go when ripple sells XRP to institutional ? Does the money go to their account? Considering the XRP is not a security ? Can Ripple leech the profits of these sales ? Something is cooking in background
This comes from reddit.com/r/Ripple, and was posted and is being commented on within the last 24 hours if I'm not mistaken. An interesting exchange, involving @JoelKatz trying to explain some of the XRP sales dynamics and influencing factors on its price. Monthly XRP sales vs Ripple's media releases