Ripple and the associated crypto-currency, XRP are currently in turbulent times. On the one hand, the managers announce a new partnership after the other. On the other hand, the Performance of the Ripple of the course is to grows very weak and the Frustration in the Community. Many investors make the bulk of the sales of the company Ripple for the low Ripple of the course responsible. This is allowed to sell every month 1 billion of their XRP tokens from the Escrow OTC or invest. And the turmoil will not be less: on Sunday, the Whale Alert, to Ripple. The receiver is an old Acquaintance, and the concern for a re-Dump grows.
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100 million XRP Dump by Ex-CTO of Ripple?
On Sunday the 8. September has seen the page Whale Alert, a transaction of 100 million XRP in the Ripple network. The tokens had at the time of the transaction a total value of nearly 26 million dollars. And the address of the recipient is known, but it belongs to an old acquaintance, who is not exactly known for its clean as a whistle known and used by many is criticized. The huge transaction went to the Ex-CTO (Chief Technical Officer) of Ripple, Jed McCaleb.
? ? 100,000,000 #XRP (26,322,440 USD) transferred from Ripple to Jed McCaleb walletTx: https://t.co/z0hfij5kmE— Whale Alert (@whale_alert) September 7, 2019
Jed McCaleb, the founder of the controversial crypto-stock exchange Mt was. Gox, the sign in had to 2014 insolvency. In addition, he is currently the CTO and founder of Stellar lumen, a direct competitor of Ripple. McCaleb has been in the past a number of times because of his XRP sales in the headlines. The Wall Street Journal reported in September 2018, the Ex-CTO is not supposed to have sold over a longer period of 40,000 XRP per day, what was the Ripple of the course beneficial. What sounds for one or the other like a staggering sum, is for McCaleb in fact, a drop on the hot stone. Of his children, and he should have possessed times of approximately 7.3 billion XRP.You want to be one of the world’s leading CFD brokers act? We have for you in our Plus500 Test all of the knowledge about values is collected and written down, where here are the pros and cons are. Just have a look on the Test or see for yourself and join today at Plus500.
Conscious Manipulation is possible
Of course you can say at the current time no one was sure exactly what McCaleb with his new 100 million XRP tokens. However, there is much to suggest that he could cause with this lot a re-Dump of the crypto-currency and the Ripple rate continue to drift downwards. Also, it is always speculated again about a deliberate Manipulation of the XRP rate, in turn, because he stopped at the Ripple and the competitors Stellar lumen has been founded.
Ripple Whale Alert fits into the current image
The huge transaction of Jed McCaleb fits into the current image with Ripple. Like this week, one of us reported, there is a lot of Frustration in the Ripple Community. Reason for this is that the company Ripple Limited is allowed to sell every month 1 billion XRP tokens OTC (Over-the-Counter) to institutional investors. That is precisely what many criticize. They see it as a dilution of the value of your XRP tokens. Also see the mass sales of Ripple as a reason why XRP is currently the bad performenste cryptocurrency in the Top 10.The Ripple CEO denies the allegations and looks at the sales as necessary so that the crypto-currency can achieve their full Potential. These statements drive some people in the Ripple Community to the brink of madness, and this week, a sarcastic Petition was launched. These calls continue the company is in the Dumps and even increase.Also, if we do not know what will make McCaleb carefully with its new Token, casting the news is only more fuel to the fire. Ripple Fans and XRP investors may be curious how to do it in the next few weeks, because on the Other hand, managers create new partnerships with well-known banks to close.What do you say to the Whale Alert for XRP? Do you think McCaleb is the Ripple rate down? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)