Ripple may move to lock up all XRP

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evo

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Apr 2017
Yesterday, Ripple set an all time high, but was dumped afterwards because Poloniex was having issues again. This is the third time that Poloniex has crashed when XRP gains in value. That said, there may be some good news on the horizon as it's been rumored that Ripple may move to lock up all XRP coins.

The rumor stems from an upcoming announcement by Ripple in June 2017, where the team may announce an extensive coin lock-up agreement.

One of the biggest concerns with Ripple is the supply of XRP. There's currently a large supply, and a coin lock-up agreement will mean the supply will not increase further. As Ripple transactions use and destroy XRP, the XRP supply will gradually decrease... meaning there should be significantly less price volatility.

XRP is currently on track to increase market share and overall currency value, and the market remains bullish despite the ongoing issues at Poloniex.
 
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