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Market Immune to Mass Liquidations – Ripple Co-Founder

  • XRP market does not react in any way to large asset spills by co-founder.

  • Big XRP Sales Looks To Go On.

  • The community has a radically different opinion.

International consortium of news organizations, developing transparency standards.

At least the XRP market is immune to large asset sales, says Ripple co-founder Jed McCaleb.

There is no impact on the digital asset market today. At least that’s what Jed McCaleb, co-founder of Ripple Labs and creator of the now-closed bitcoin exchange Mt.Gox, thinks..

Commenting on the constant sale of his assets in an interview with The Block, McCaleb said he was transparent about the sale from the beginning..

“I think history has shown that there is no impact on the market today. I am transparent from the start and the market is aware that I will be disposing of my XRP at a consistent interval, ”McCaleb said..

McCaleb’s claims come amid research into the activity of his XRP wallet. According to XRPScan, McCaleb liquidated more than $ 26 million XRP in Q1 2020.

This is the largest XRP selling figure in the past year..

The market is immune to mass ...

Most XRP sold in the last quarter of 2018.

The market is immune to mass ...

Then McCaleb got rid of assets worth more than $ 36 million.

Hostage of agreements

McCaleb wallet reports that it will liquidate its XRP starting in Q2 2016.

Back in 2014, McCaleb reached an agreement with Ripple Labs, according to which he cannot get rid of his 9 billion XRP in one operation..

This was done in order to avoid a significant negative impact on the price of the asset..

McCaleb has been selling 2.1M XRP daily over the past week, according to XRPScan report.

Against the community

Curiosities with the constant sale of a large number of assets excite the XRP community every month.

Recently BeInCrypto editors wrote, that Bitcoin Manipulation Abatement filed a lawsuit in North Carolina District Court against Ripple Labs, accusing the company and its co-founder Brad Garlinghouse of violating the securities law.

The lawsuit says that Ripple Labs was founded only to enrich the company’s founders and deceived its investors..

The editors also wrote that after one of the top managers of Ripple Labs left the project, doubts about the future of the company began to grow in the XRP community..

Today, the former co-founder of Ripple is one of the founders of the Stellar Development Foundation..

On moment of writing, XRP / USD rate is fixed at $ 0.21.

What do you think? Has the XRP market really developed immunity to massive asset dips? Share with us with your thoughts in the comments.


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The market is immune to mass ...

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