Topic: $1 billion XRP unlocked from its escrow wallet by Ripple (Read 158 times)
They want to dilute the market further and ensure the team make more money. I just hope investors are not turned to holders club. The reason I hate these coins that team have in their vault, one can never know when they will release it to the market.
XRP is just crypto sewer
https://bitcointalksearch.org/topic/m.30414543
https://bitcointalksearch.org/topic/m.30414543
People do not even get that XRP is a centralised asset that is regulated and manipulated.
Exactly.The sad truth is they can't absorb that reality because they probably invested in the coin while it's on the highest price. And hearing words like such won't help them while holding the coin because it discourages them while having it on their portfolios.
The third-biggest cryptocurrency, Ripple exhibition has fundamentally declined prompting dread among its investors. They are at present resting at a help level of $0.20. Ripple opened $1 billion XRP from its escrow wallet yesterday speaking to its inventory portion for the month in simultaneousness with its pre-decided timetable.
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
I’m surprised and disappointed to see Ripple performing such a shady move, as I had high hopes from this coin and I have often recommended this coin to people and now I totally regret recommending it. Since my confidence has been completely shattered by ripples move, I’ll make sure not to buy or recommend it as there’re many good alternatives coins in the market that people can buy.
The possibility of the price of XRP will be significantly reduced when it moves to unlock $ 1 billion, those who hold XRP will struggle in this information, be careful when investing in it and I have never personally pay much attention to XRP.
This is not something new for ripple founders! They have been doing it since the inception of the coin and till date they have released 24 billion ripples in the market from their escrow account! Ripple is slowly becoming a least favorite choice for a lot of investors, but that's what they want! Ripple should be strictly used for transactions only and not as an investment! The price gonna crash!
The third-biggest cryptocurrency, Ripple exhibition has fundamentally declined prompting dread among its investors. They are at present resting at a help level of $0.20. Ripple opened $1 billion XRP from its escrow wallet yesterday speaking to its inventory portion for the month in simultaneousness with its pre-decided timetable.
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
1 billion XRP is a lot of supply. They probably won't sell everything at the current price of Ripple coin unless there wealthy entities willing to buy 1 billion XRP at 0.20. Or they wish to sell the whole thing gradually across multiple exchanges.
They need enough demand for XRP to be able to safely sell everything else they will mercilessly dump the coin
The possibility of the price of XRP will be significantly reduced when it moves to unlock $ 1 billion, those who hold XRP will struggle in this information, be careful when investing in it and I have never personally pay much attention to XRP.
If the XRP holder worry about the dump because this reason, they should be sell their XRP now, but like @TGD said the founder will not sell immediately founder aren't stupid person (but they are manipulative enough), but precisely the decline in prices can occur due to panic reading this news. The third-biggest cryptocurrency, Ripple exhibition has fundamentally declined prompting dread among its investors. They are at present resting at a help level of $0.20. Ripple opened $1 billion XRP from its escrow wallet yesterday speaking to its inventory portion for the month in simultaneousness with its pre-decided timetable.
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
Centralized coins will get inflated,maybe it will have the same marketcap value in total but every users portfolio will be affected by this add up.Will this be enough to convince investors to move for decentralized coins? This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
The possibility of the price of XRP will be significantly reduced when it moves to unlock $ 1 billion, those who hold XRP will struggle in this information, be careful when investing in it and I have never personally pay much attention to XRP.
Is this real news? Contrary to XLM ripple unlocking huge amount of XRP while XLM are burning almost 50% of its total supply, lets see who will last with this two altcoin, honestly Im not into XRP because of its centralised issue forever , I first learned about XLM so Im into XLM.
Yes this is real. This also including in there terms. XRP has a huge market volume and that amount will not gonna plummet the price hard. They will not sell it in bulk so don't worry. The founder is not idiot to dump the market of their coin while we are on bear season. Besides that, we can always monitor the flow of that tokens. If they transfer it already on exchange then we can just sold our holdings to avoid loss.
Another move from XPR founders, I cannot stand such things. People do not even get that XRP is a centralised asset that is regulated and manipulated. Stay away from such coins and invest into altcoins that could deliver decentralised future.
I have no XRP I have sold all of it because they are a bomb ready to explode because of the kind of centralization that they have, they have to manipulating the market, and the way they run their business is like they are in full control, people are just investing here because of the profit, that is brought by their manipulation.
This was supposed to happen as people need to understand the intentions of Ripple and cash out because they are centralized coin and equally greedy they can manipulate the price anytime they want by managing the demand and supply. Most of the users invested in Ripple for greed including myself in the past but once I got to know the reality I cashed out, I would suggest all to move away from Ripple.
Is this real news? Contrary to XLM ripple unlocking huge amount of XRP while XLM are burning almost 50% of its total supply, lets see who will last with this two altcoin, honestly Im not into XRP because of its centralised issue forever , I first learned about XLM so Im into XLM.
The one I read said that the money went right back into the wallet though,,, so maybe the whale decided to move the funds, saw the bad reaction and decided to move it all back in. I believe he/she should not have done that though, whale alert will eventually find out, he should have moved it to many more wallets but there you go about Ripple. Cannot trust them. Centralized to the max!
Another move from XPR founders, I cannot stand such things. People do not even get that XRP is a centralised asset that is regulated and manipulated. Stay away from such coins and invest into altcoins that could deliver decentralised future.
It's not even a centralized coin but the fact that ripple has become a quick rich scheme. After received multi billion worth of ripple and JED was retired from ripple company and this a real proof. People are still believing in the future of this crap coin. more than 50% of total supply still owned by the team and i believe that unlocked coins will be going to the market again.No product and this company only has a scalable blockchain which can be used to create a fast tx only.
This company is an overrated company and the valuation of ripple doesn't make sense compared with what has already created.
Another move from XPR founders, I cannot stand such things. People do not even get that XRP is a centralized asset that is regulated and manipulated. Stay away from such coins and invest into altcoins that could deliver decentralised future.
Agree, too much centralization. Projects like Amoveo don't allow this to happen
Another move from XPR founders, I cannot stand such things. People do not even get that XRP is a centralised asset that is regulated and manipulated. Stay away from such coins and invest into altcoins that could deliver decentralised future.
The third-biggest cryptocurrency, Ripple exhibition has fundamentally declined prompting dread among its investors. They are at present resting at a help level of $0.20. Ripple opened $1 billion XRP from its escrow wallet yesterday speaking to its inventory portion for the month in simultaneousness with its pre-decided timetable.
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
This right now adds up to $225 million. This implies another $220 million worth of XRP is accessible for Ripple to utilize anyway they need to. Thinking about the general decay of altcoins and the bearish value developments of digital money, this move isn’t greeted by Users of Ripple.
Source: TheCoinRepublic
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