On August 26, the US celebrates the Women’s Equality Day, this year it is 100 years since an amendment to the US Constitution that gives the voting right to women was passed in the US Congress in 1919.
The amendment was implemented as a federal law a year later. The US began to officially celebrate Women’s Equality Day in 1971.
Ripple supports women equality
This year, Ripple, the company working with the third-largest cryptocurrency XRP, became a sponsor at the celebration dedicated to the anniversary.
A Ripple team rep published a post about that on her Twitter page. The event was organized by Silicon Valley Leadership Group.
— Emi Yoshikawa 🌎 (@emy_wng) August 26, 2019
As is often done is such cases by crypto companies, the financial side of the sponsorship was most likely settled in XRP.
When the Binance exchange sent donations to the victims of the floods in Japan last year, the share of Binance in the donations was in BNB – this is one of the ways to support a coin’s liquidity.
Ripple is known not only to sell XRP each quarter but also to sponsor events with this coin.
The community wants Ripple to stop dumping XRP
Since January 2018, when XRP reached its ATH of nearly $2, first the crypto winter kept the coin’s rate down and now, as many believe, it is Ripple itself – thanks to regular dumping big amounts of XRP to the market.
Since XRP sold and donated by Ripple is traded on exchanges, investors are worried that this stops the coin’s price from surging.
A petition has been launched on the change.org website demanding that Ripple stops dumping XRP. It has collected 2,347 votes so far.
The petition reads:
Ripple continue dumping billions of XRP on us, crashing the price!
Its amazing this sort of behaviour is widely accepted in the crypto world. Sure we know that XRP is a solid coin with major potential but this needs to stop!
Everyday there is good news… A new bank or partnership announced but still, it manages to keep on dumping.
The only logical explanation is that Ripple are dumping on us. And not small amounts either. Literally billions. We have seen the reports of them disclosing this so its a fact.