In October 2013, Ripple posted a commitment to its followers. Chris Larsen said the company would give away more than 50% of all XRP. The rest, it stated, would go toward building a team to write code, develop apps, and promote the Ripple network.
That post resurfaced recently, shared by prominent community figures including Crypto Dyl News and Amonyx. The XRP community took notice immediately.
The Current State of the Market
XRP currently trades at $0.99 after falling sharply from recent highs. Ripple Labs holds a substantial portion of the total XRP supply in escrow, releasing set amounts each month. The original 100 billion XRP supply has seen roughly 63 billion enter circulation.
The gap between that 2013 pledge and today’s reality is what the community is now examining closely. The XRP army has heavily criticized Ripple and its executives in recent weeks. This failed promise has given the critics more ammo to go after the company.
Larsen: @RippleLabs will give away more than 50% #XRP. Keep rest to build team to contribute code, build apps, promote #Ripple. #money2020
— Ripple (@Ripple) October 7, 2013
The Community Demands Answers
The replies came fast. Users went directly to the numbers and the timeline. One user noted that 63 billion XRP is already in circulation out of the original 100 billion token supply. Another stated that Ripple never said who they would give the 50% to, suggesting the current distribution may fit that promise.
The monthly escrow releases drew particular frustration. One user argued that Ripple sells XRP to fund its business and questioned why the community continues to absorb monthly sell pressure. Another said the community will eventually recognize how damaging the escrow sales have been to holders.
One user acknowledged the post dates back to 2013 and urged others to examine the specifics before drawing conclusions. That context did not slow the conversation. Holders still treat the post as a formal statement of intent from Ripple’s early leadership.
These responses show a consistent frustration among long-term XRP holders who expected distribution to benefit the community directly.
Ripple Faces a Growing List of Criticisms
Ripple committed to giving away more than 50% of XRP to the public, and holders want to know where that distribution went. One user questioned how much Ripple spends on XRP influencers, suggesting the activity is designed to mislead the community.
Ripple and its executives are already under pressure. XRP’s price decline has drawn heavy criticism from the community. Holders have watched the token fall while Ripple continues its business. Chris Larsen likely made that 2013 statement as a founding principle. The community is now holding Ripple to it.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
