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Top Validator Says There is No XRP Supply Shock as Exchanges Still Hold Nearly 16B XRP

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Top Validator Says There is No XRP Supply Shock as Exchanges Still Hold Nearly 16B XRP

Talks of an XRP supply shock have picked up again, with some market participants arguing that falling exchange balances could push prices higher. However, Vet, an XRPL dUNL validator, has rejected this view, saying exchanges still hold large amounts of XRP and that market conditions do not support the idea of a looming supply shock.

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