Ripple Co-founder Jed McCaleb Sold 54 Million XRP in April

[Geey]

Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity.



Analyzing known wallets for Ripple co-founder Jed McCaleb shows he sold off at least 54 million XRP between April 1-30.

According to a May 2 report by TheCryptoAssociate based on data from McCaleb’s known addresses, the Ripple co-founder appears to be liquidating his supply of tokens on a regular basis. Data shows that the wallet address supposedly used by McCaleb to sell XRP received an average of 1.8 million tokens daily in April, totaling 54,215,405 XRP — $11.7 million at the time of press. Read More

[Pegasus]

Similar thing happened when Charlie Lee sold all of his Litecoin. What does it tell you when a father abandons his son? I think XRP investors will lose their faiths on it and run away from this coin, unlike Litecoin's investors who strongly believe in a fast, decentralized, "silver in crypto" coin.

[babu10]

Omg!! this is very unexpected for XRP market as well as. I think there may happen any internal problem otherwise in this crisis moment it should not done from authority. I think XRP price may be down from here and we should careful about this token if it is reliable news.

[aiviaa485]

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yes indeed, everything can be thrown away this Ripple by its developers, including to be a price dump and makes us scared.

But it depends on those who create a coin, whose name is free to sell and buy back a coin.
But with this value around 54,215,405 XRP it is very large and Jed McCaleb will become rich with FIAT after his RIpple sales are successful in the market.

[Muneeb22]

He sell the XRP coins and he have more great amount of coins in his wallet. XRP is a good coin and this will touch the high price when the bull is come.

[IyemRoker]

He sell the XRP coins and he have more great amount of coins in his wallet.

Hii Dude !
Look at news carefully and you can check how many token selling by Jed McCaleb !
54.000.000 Ripple selling by CEO-Founder , do you know how many Bitcoin equal with 54.000.000 Ripple ?

This is effect will dump for RIpple and Ripple will be cheap !!!

XRP is a good coin and this will touch the high price when the bull is come.

You can speak everything and this forum is free for everyone but but but , you can check trading Spot on Binance if you selling 54.000.000 Ripple in one time , you can check price Ripple will be dump !!
And you said "High Price with come" , Are you seriously with Ripple every months selling Millions token will come to high price ? LOL

[Paglamon]

It depends on the developers. Price elimination, buy, sell and price increase depend on the developer and those who created it. I think 54 million is a big amount. I like the information. The market will survive. I think it will succeed.

[KryptoBull]

As with Litecoin, this will not have a major impact on the entire XRP community, but XRP owners will feel like they have been betrayed, because when selling XRP, the co-founder has lost a bit of confidence belief & motivation to work.
XRP is having a tough time when the low price & intensity is inferior to BTC & ETH. PlusToken is also holding large amounts of XRP, which will be a real threat to XRP's future. Is this reason why this co-founder must sell the amount of XRP he owns.

[gulsoom2020]

XRP received an average of 1.8 million tokens daily in April, totaling 54,215,405 XRP — $11.7 million at the time of press.