Jed McCaleb, Ripple's co-founder, is selling off a whole lot of XRP each day. Is it enough to stop the coin’s pump?
XRP, the third-largest cryptocurrency by market cap, is on the rise. Early on Sunday morning, it hit a peak of $0.32, according to CoinMarketCap, its highest price since mid-February. And the pump has held strong through until Monday; its current price is $0.31.
But anxieties abound in the XRP community that one of the coin’s creators, Jed McCaleb, is about to dump all of his XRP onto the market and therefore crash the price.
Source:
https://decrypt.co/37523/ripple-cofounder-xrp-dump-2020-crash-price