This is great, but since this move added no new traders to the market and instead added a bunch of people that will dump their XRP instantly, doesn’t this hurt current holders? I wonder how much this had to do with the 5% price drop today [1]. It seems like what they really did was take traders’ $29 million and donate it, except they had no choice in the matter. Not that this is a bad way to spend one’s money, but I’m sure at least some holders would have liked a choice in the matter.
Also, for the teachers, what happens if the price falls before they can dump and their projects have a shortfall?
Also, for the teachers, what happens if the price falls before they can dump and their projects have a shortfall?
[1] https://coinmarketcap.com/currencies/ripple/