TL;DR Breakdown Ripple’s CTO, David Schwartz, denied rumors of a 10 billion XRP buyback plan. Despite the rumor, Ripple’s commitment to XRP remains strong, with 41.9 billion tokens in its accounts. Description In a recent flurry of speculation, rumors swirled around the potential buyback of a staggering 10 billion XRP tokens by Ripple Labs, the San Francisco-based fintech giant. However, Ripple’s Chief Technology Officer, David Schwartz, swiftly halted these speculations. In a clarifying tweet, Schwartz acknowledged that while Ripple does engage in XRP purchases, there were no … Read more In a recent flurry of speculation, rumors swirled around the potential buyback of a staggering 10 billion XRP tokens by Ripple Labs, the San Francisco-based fintech giant. However, Ripple’s Chief Technology Officer, David Schwartz, swiftly halted these speculations. In a clarifying tweet, Schwartz acknowledged that while Ripple does engage in XRP purchases, there were no specific plans for a buyback of this magnitude. He also emphasized the absence of any official source supporting these rumors. We do sometimes buy XRP. But I don’t know of anything specific that this could…