On September 3, the Ripple community has been greeted with the news that Ripple has made another huge transaction transferring 500 million XRP tokens from the Ripple Escrow Wallet to Ripple. Crypto enthusiasts, coin traders, and XRP investors have differing opinions on this move. Others perceive this negatively by stating accusations about Ripples price control agenda through the dumping of XRP tokens.
500 million XRP coins is not more than 0.5% of the total supply in the market and I think it will not greatly affect the market price. Even though I am not interested in XRP, but with the price of XRP which is quite cheap right now, I think this is the right time to accumulate and hold it.