Altcoins News

Story: XRP Whales Continue to Buy the Fear of Retailers

By Steven Anderson

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Reportedly, Jed McCaleb, former CTO and co-founder of payment network Ripple (XRP) and current CEO of Stellar (XLM), sold nearly 275 million XRP since early May as part of his…

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He has been moving tokens out of his “Tacostand” wallet to sell them.

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McCaleb has received more than 442 million XRP from Ripple on May 2, 2021. Since then McCaleb executed seven outgoing transactions worth 17,301,056 XRP, followed by seven of…

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This is not the first time.  His previous sales pattern were in similar batches.

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The XRP Whales continue to buy the fear of retailers.  The ratio of selling 1 BTC into XRP is still the same as a week and a month ago. It’s still around 41.000 XRP.

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Guys that sold XRP at $1.90 are rejoicing; however, some say, this doesn’t change anything about the big timeframe so far as they believe that more gains are coming.

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Some of them are like:  Are we now in bear market?  If you are selling XRP at 0.90$ send me your picture –will create photo album and turn it into NFT.

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Do you think there is still a chance of settlement this week, or are we pushing for September +?

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When someone asked:  What did you mean by “XRP’s status would not” and that no one can be sued again on this issue.

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Jeremy Hogan responded:  Well, if the Court rules Ripple had no Fair Notice, then the exchanges, companies, people, would also not have had Fair Notice.

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