, 4 tweets, 2 min read Read on Twitter
🚨Exclusive report: We believe Ripple’s $XRP market cap is likely overstated by $6.1 billion based on inflated circulating supply numbers.

Read our summary and methodology: messari.io/article/messar…

Newsletter subscribers can access the full report through that link.
Ripple’s supply curve is unlike anything we have ever seen. We started to realize that commonly used circulating supply numbers could be incorrect while conducting research into Ripple’s inflation. messari.io/asset/xrp#prof…
Because of a series of volume based lockup agreements between founders, Ripple's charitable arm, and other XRP holders the actual circulating supply is like 48% lower than what is reflected by most data sites.
We believe more transparency around these agreements could help the industry understand the true supply and market cap for $XRP.
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