- Messari’s data analysis showed how XRP’s circulation supply inflation rate surpassed the other assets in the past year
Crypto data analysis and research platform, Messari showed how XRP’s inflation rate is about five times higher than that of BTC and four times more than ETH. The data chart indicated that since last year, the inflation rate of XRP has risen almost exponentially.
Messari’s CEO, Florent Moulin tweeted that coin recorded the highest circulation supply inflation rate when compared to the other top coins. He also stated that BTC is up by 20% since last year whereas XRP is down by 47%, drawing a parallel between the valuation and supply inflation rates. This connection was further asserted by the managing partner of Multicoin Capital Fund, a corporation which supports Messari’s data analysis, Kyle Samani. Samani stated:
“The company has been steadily increasing their sales of XRP over the previous three quarters, likely inflicting downward price pressure on XRP. Savvy investors have known this for some time; however, for whatever reason the market is just now picking up the narrative and reacting.”
However, Ripple’s executives, on several occasions, have made it clear that the shares held by the company has little to no affect on the price of the asset.
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