Messari, a cryptocurrency data company, published a report that claimed that the market cap of Ripple’s XRP, including its circulating supply, as they are advertised on third-party data services, is 47 percent inflated. Messari’s CEO said he received threats from the XRP community shortly after the report surfaced the Internet.
The research, published by cryptocurrency data company Messari, says that the market cap, including the circulating supply of Ripple’s XRP is inflated up to 47%.
According to the report, XRP’s published circulating supply of 41 billion at third-party providers like CoinMarketCap has a 47% difference to its actual supply of 21.8 billion.
The same can be said for XRP’s market capitalization. Instead of the published $13 billion, the report says it’s only around $6.9 billion.
The report indicates that the differences may be brought by huge amounts of XRP being illiquid or under major restrictions.
Co-founder Jed McCaleb of RippleWorks and a donation from Chris Larsen to RippleWorks are the largest XRP holders accounting for the illiquid or restricted XRP.
This means that “19.2 billion of the 41.0 billion XRP currently quoted as “in circulation” may be illiquid or subject to significant selling restrictions.”
After the report was published and mainstream media reported the news, Ryan Selkis, the CEO of Messari, said that he’s been receiving massive threats from the XRP community.
He expressed in Twitter that a Nashville number has called him and recited the birthday of his wife and then hung up right away.
He also requested Brad Garlinghouse, the CEO of Ripple, to condemn any XRP community threats made against him and his family.