Ripple's XRP sales strategy sparks investor concerns

Ripple's (CRYPTO:XRP) Chief Technology Officer, David Schwartz, has emphasised that the company should prioritise its own interests when selling XRP tokens.

This stance has sparked concerns among investors, as it suggests that Ripple's actions may not align with the interests of XRP holders.

"Ripple can, will, and should act in its own interest," Schwartz stated, adding that investors should not expect Ripple to act against its own interests or those of its shareholders.

This perspective is supported by Pierre Rochard, who noted that XRP is not a security and that Ripple does not owe utility to investors, implying that investors are merely purchasing tokens without inherent value.

The comments come amid heightened interest in Ripple's XRP reserves, following the discovery of a dormant XRP wallet worth over $7 billion, potentially linked to Ripple co-founder Chris Larsen.

However, most of these addresses have been inactive for years, suggesting Larsen may have lost access.

Ripple's ongoing legal battle with the SEC over the classification of XRP as a security continues to influence market sentiment.

Despite a partial victory in 2023, the SEC has appealed the ruling, which could have significant implications for cryptocurrency regulation.

Recent developments, including President Trump's announcement that XRP will be part of a U.S. crypto strategic reserve, have briefly boosted XRP's price.

However, analysts caution that this rally may be short-lived due to the need for congressional approval.

At the time of reporting, the XRP (XRP) price was $2.51.