XRP Inflation Rate Considerably Higher Than That Of Bitcoin, As Per Messari

As per Messari, a distinguished data research firm, the recent selloff of XRP caused the inflation to hit 20% perpetrating descending price pressure. Notably, the inflation rate is approximately 5 times higher than that of BTC.

Data from Messari suggests that the inflation rate in the circulating supply of XRP is coming up to twenty percent for the current financial year. Notably, it is the highest among the large-cap digital currencies.

Kyle Samani, the Managing Partner of Multicoin Capital, agreed with the aforementioned correlation. He explicitly stated that the swelling sale of XRP is a significant facilitator behind pushing the price down:

“The company has been steadily increasing their sales of XRP over the previous three quarters, likely inflicting downward price pressure on XRP.”

Ripple executives are of the stance that the repeated selling of XRP don’t have a perceptible effect on the primary market. Brad Garlinghouse, the CEO of Ripple, has earlier elucidated:

“In the XRP community, Ripple is the largest owner, and we are the most interested party in the success of the XRP ecosystem. Ripple can’t control the price of XRP any more than a whale controls the price of Bitcoin.”