After 6 years of significant contributions, Dev Null Productions announced their departure from the XRP ecosystem.
showing a 3.55% decline in just one day.s new post on X , which noted,This highlighted his earlier emphasis on the importance of addressing tax liabilities related to cryptocurrency assets. It further outlined the challenges for both the company and its executives to avoid selling XRP.“If Ripple gave me a 1,000,000 XRP bonus tomorrow, I would have no choice but to sell about half of it very quickly because my marginal tax rate for earned income is around 50%. Distribution is very hard.
After six years of significant contributions, they have expressed a loss of faith in Ripple’s integrity, especially their decision to sell XRP at the expense of retail investors. The report stated, Moreover, Dev Null Productions also criticized the XRPL Foundation for prioritizing personal agendas over community interests.
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