XRP investor and Redditor who bought the asset near its all-time high three years ago is questioning why it hasn’t seen the price increases of other cryptos. His post on the matter quickly surged to the front page of the Ripple subreddit.
Some Redditors blame Jed McCaleb, Ripple’s former chief technical officer, for dumping XRP on the market, which they argue keeps the price stagnant.
McCaleb left Ripple in 2013 but still holds a large personal trove of XRP, which he can only sell in limited amounts according to the terms of a legal settlement with Ripple. In August, Whale Alerts estimated McCaleb had already sold around 630 million XRP in 2020 and still held about 4 billion.
XRP investor and Redditor who bought the asset near its all-time high three years ago is questioning why it hasn’t seen the price increases of other cryptos. His post on the matter quickly surged to the front page of the Ripple subreddit.
Some Redditors blame Jed McCaleb, Ripple’s former chief technical officer, for dumping XRP on the market, which they argue keeps the price stagnant.
McCaleb left Ripple in 2013 but still holds a large personal trove of XRP, which he can only sell in limited amounts according to the terms of a legal settlement with Ripple. In August, Whale Alerts estimated McCaleb had already sold around 630 million XRP in 2020 and still held about 4 billion.