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❕NEWS Ripple's former founder made its first sale of the year: sold 28 million XRP

aryan4

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Jed McCaleb, one of Ripple's former founders but left in 2013, sold 28.6 million more XRPs that left Ripple yesterday. There is an agreement between Ripple and McCaleb. Under this deal, McCaleb is able to sell a small fraction of its XRP transaction volume on a daily basis.
This also means that it will sell in the coming days.
Do you think these sales could have a major impact on XRP?
 
It continues to sell for a long time. But as far as I read in another news, she announced that she would finish all sales by the end of 2021. I think the sales news will be shared somewhat.
 
Is it that she is going to be selling ripple because am sure that it would really affect the price negatively and might have a huge fall in price , and that is how the price might fall again
 
Is it that she is going to be selling ripple because am sure that it would really affect the price negatively and might have a huge fall in price , and that is how the price might fall again
As you know, XRP price is at levels that will upset many investors. Certainly it is likely to affect the market in such sales. Let's see what is going to happen.
 
As you know, XRP price is at levels that will upset many investors. Certainly it is likely to affect the market in such sales. Let's see what is going to happen.
I wonder why they are willing to sell at the period because the price of xrp moved from $0.60- 0.20 within one month and they want to sell some , instead of finding means to increase the price
 
Jed McCaleb, one of Ripple's former founders but left in 2013, sold 28.6 million more XRPs that left Ripple yesterday. There is an agreement between Ripple and McCaleb. Under this deal, McCaleb is able to sell a small fraction of its XRP transaction volume on a daily basis.
This also means that it will sell in the coming days.
Do you think these sales could have a major impact on XRP?
Sure it will have a great impact on the price of xrp considering that this will increase supply ,with little or no demand due to the present lawsuit on ripple.
 
Definitely, it have major impact. I think they are trying yo control the prize at a particular rate in order to remained relevant in the market and prevent the prize of XRP from falling.
 
Sure it will have a great impact on the price of xrp considering that this will increase supply ,with little or no demand due to the present lawsuit on ripple.
You are right, with the SEC case, the price of XRP has gotten really low. Also, I think such sales will increase the pressure on the price.
 
You are right, with the SEC case, the price of XRP has gotten really low. Also, I think such sales will increase the pressure on the price.
Yeah. It will affect it negatively because presently supply will exceed demand because ,most people are not comfortable with investing in xrp now
 
Yeah. It will affect it negatively because presently supply will exceed demand because ,most people are not comfortable with investing in xrp now
You just mirrored my thought this will just be a negative impsct and will continue to pull the price and value downward. People as it is are not even comfortable investing In it
 
If there are still investors willing to buy that much ripple despite the craziness going on with ripple presently, then I doubt that this coin is going to die off. I mean what happens to such investment?
 
Sure is, that's already a massive amount of XRP, if he continues to sell this much on a regular basis. But nothing can do about it ..if he wants to dump no one can stop him. But i hate him for that hah
 
If there are still investors willing to buy that much ripple despite the craziness going on with ripple presently, then I doubt that this coin is going to die off. I mean what happens to such investment?
The thing is that ripple is one coin that a lot of of people so with all the issue arising since last year people are not relenting and I'm seeing people investing more despite the the craziness
 
Y
The thing is that ripple is one coin that a lot of of people so with all the issue arising since last year people are not relenting and I'm seeing people investing more despite the the craziness
Yeah, I am even seriously considering investing in ripple just a few dollars worth so I can add ripple to my cryptocurrency portfolio. The price is now relatively still low. Who knows what the future holds.
 
Y

Yeah, I am even seriously considering investing in ripple just a few dollars worth so I can add ripple to my cryptocurrency portfolio. The price is now relatively still low. Who knows what the future holds.
I think have my hope still high for ripple for whatever reasons. Yeah the price is relatively low now so it worth the buy and hold now for all users that believe in this
 
The thing is that ripple is one coin that a lot of of people so with all the issue arising since last year people are not relenting and I'm seeing people investing more despite the the craziness
I guess it's because it's cheap i mean i've said it before but when the price goes.down to 0.1 last month i know that's a great opportunity already and im 100% sure it will rise again after the lawsuit.. turns out it got a bit early.
 
I guess it's because it's cheap i mean i've said it before but when the price goes.down to 0.1 last month i know that's a great opportunity already and im 100% sure it will rise again after the lawsuit.. turns out it got a bit early.
Definitely, it will be a lot better after the lawsuit. I'm already rooting for it that it will get real better both in value and in price. So let be hopeful
 
You just mirrored my thought this will just be a negative impsct and will continue to pull the price and value downward. People as it is are not even comfortable investing In it
Fortunately , the recent rise in the price of xrp seems to have drawn back investors to the coin . People are now investing in the coin even without waiting for the lawsuit to be over.
 
So far on beer money forum i have earned twelve dollars. I withdrew my first two dollars in bitcoin in November 2020, the next five dollars into my payeer account in December 2020, which I eventually used to buy bitcoin and store in my payeer account.
I have withdrawn five dollars in January 2021, and hope to invest it in ripple.
 

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