According to U.Today, Flare co-founder and CEO Hugo Philion referred to the relatively low price movement of XRP following a significant XRP Ledger infrastructure development in Brazil as “lunacy.” The breakthrough relates to the XRP Ledger’s infrastructure and occurred in Brazil. Philion made the comment regarding how XRP responded—or did not respond—to this development. No further details about the nature of the breakthrough, its timing, or market reaction beyond the description of it being muted were included.
