Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom!
https://archive.org/web/
Source is from the way back machine.
What Ripple did was get Gliss (possible allegation of bribes?) to manipulate the number of available Ripple coins, even though well over 90%+ of Ripple has always been held by the developers.
Since they control so much of Ripple (90%+ in actuality) they can pump and dump all day and manipulate the price too.
The majority of XRP has always been in the hands of Ripple Labs and its developers. They can release their XRPs onto the market any time they want and instantly increase the market cap that way.
Nevertheless, Ripple is doing very well at the moment. Normally, an increase in supply would have boosted the market cap for a short while but I would have expected prices to eventually account for this and adjust downwards accordingly but instead, the price seems to be going the opposite way - i.e., up not down.