XRP Community Is Threatening a ‘Takeover’ if Ripple Execs Keep Dumping

Anger about the negative market consequences of Ripple selling XRP to its clients is prompting token holders to conceive of ever-more ingenious means to fight back.

In a tweet published on Aug. 26, Twitter user @CryptoBitlord quipped to his 102,000 followers about his latest scheme for a community effort, writing:

“I’m thinking about forking $XRP so we don’t have to deal with the founders dumping. — This will be a community effort. Retweet if you’re in.”

Crypto Bitlord’s anger has spilled over beyond witticisms; 3 weeks ago, he started a petition entitled “Stop Ripple dumping,” which has secured almost 2,500 signatures by press time.

“We will stage a community takeover”

Earlier today, Crypto Bitlord tweeted to Ripple’s CEO and CTO:

“Brad Garlinghouse, Joel Katz, you now have 60 days to stop dumping XRP or we will stage a community takeover. If it’s a decentralized network like you say, we have the power to do it.”

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