Why Does Ripple Keep Unlocking And Selling Millions Of XRP Every Month?
The mechanics behind XRP’s supply have always been public. A breakdown on X from crypto commentator Crypto Tony looks at the process of XRP unlocks in particular, with the theory that the payments technology company is, in fact, diluting every holder of XRP. The Escrow Machine and How It Works In a detailed post on X, a crypto commentator known as Crypto Tony laid out an interesting theory as to why Ripple keeps unlocking and selling millions of XRP every month to his hundreds of thousands of followers. Related Reading: 4-Figure XRP: How High Will The Price Be If Ripple Captures 50% Of....
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During the last few weeks, the former Ripple executive Jed McCaleb has reportedly been selling millions of XRP tokens and every sale has been monitored by the public. On Sunday, McCaleb dumped another 38 million XRP worth $22 million after selling 95 million XRP last week worth $56 million today. Ripple Cofounder Sells 38 million Coins on Valentine’s Day The cofounder and former Ripple executive, Jed McCaleb has been a topical conversation in recent days since the founder has been selling a lot of XRP. News.Bitcoin.com has been covering a number of McCaleb’s XRP sales in....
Ripple (XRP) is in bearish mode and was down 1.93% as seen overnight. Moreover, Ripple has recently freed up over 1 billion XRP tokens coming from two separate escrow wallets. Currently, the crypto trades at $0.38 on the biggest spot exchanges. Ripple has evidently locked over 55% of XRP’s total supply in escrows way back 2017. Analysts believe that its bearish sentiment or weakness is relevant to Bitcoin’s failure to surpass the $24,000 mark as opposed to the controversial unclasping of new tokens that happened recently. In effect, Ripple is trying to restore most of the tokens that....
New research questions the gravity of the upcoming unlocking events at the Grayscale Bitcoin Trust, pointing to bigger potential price threats later in 2021. Bitcoin (BTC) will not move much after Grayscale's giant 16,000 BTC unlocking date after all, says crypto trading firm QCP Capital. In its latest market update released on July 8, analysts downplayed the popular theory that GBTC will cause BTC price volatility in the coming weeks.No "significant impact" expected from GBTCAs Cointelegraph reported, the Grayscale Bitcoin Trust (GBTC) is due to release, or "unlock," a large amount of BTC....
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At close on Nov. 27, shares of Moneygram were down 4.8% at $7.42 on the Nasdaq Stock Exchange. However, the stock has soared 260% year-to-date, rising from $2.06 on Jan. 2. Ripple will earn nearly $30 million if it sold its 4 million Moneygram shares at current market prices – an almost 50%....
Ripple’s latest massive on-chain movement has once again stirred the broader crypto market, raising questions about the digital asset company’s intentions as a major XRP holder. A recent blockchain record shows millions of XRP leaving a wallet linked to Ripple, prompting speculation about whether this could signal a broader sell-off. With the price currently in a […]