$101,139.00
-1.08%$2,236.79
-1.08%$2.02
-1.89%$619.40
-1.53%$132.59
-1.55%$0.999707
-0.01%$0.265215
-2.33%$0.152409
-1.26%$2,234.31
-1.16%$0.545266
-0.34%$101,139.00
-1.08%$35.29
6.89%$2,697.09
-0.82%$446.61
-3.27%$2.48
-3.00%$9.07
1.06%$11.69
-1.68%$0.229817
-2.18%$0.999725
-0.00%$16.55
-0.91%$48.20
-0.63%$2.73
-3.32%$1.003
0.38%$0.00001067
-1.09%$79.83
-0.62%$2,236.42
-1.10%$2,394.22
-1.05%$0.13538
-0.81%$303.20
-0.84%$1.00
-0.01%$3.17
-2.26%$4.07
-3.00%$101,215.00
-0.97%$6.28
-1.76%$0.502319
0.04%$0.00000884
-3.90%$230.59
-0.05%$53.45
5.13%$1.18
0.00%$1.00
0.00%$305.40
-2.23%$3.92
-2.87%$1.056
0.02%$0.080835
-3.03%$4.60
-1.59%$160.40
-1.54%$1.90
-1.46%$15.21
-1.75%$1.002
0.28%$27.24
-2.45%$0.675058
-1.28%$0.586198
-4.36%$15.96
-3.72%$4.44
-0.10%$8.65
-2.12%$0.064669
-0.59%$3.73
-0.94%$101,117.00
-0.94%$0.01941099
-1.27%$0.073619
1.87%$0.172575
0.54%$0.58624
-2.51%$0.997539
0.13%$0.240723
-2.19%$1.00
0.03%$2.80
-4.17%$4.18
-0.59%$2.09
-3.12%$1.00
0.01%$0.160492
-0.04%$0.273649
1.28%$2,241.44
-0.77%$0.822876
-3.63%$10.75
-0.78%$91.36
2.67%$140.49
-1.07%$0.191633
5.51%$0.200204
-2.36%$1.11
-2.46%$0.01606918
-3.85%$2,546.53
-1.11%$2,341.59
-1.13%$0.346639
-2.11%$1.00
-0.01%$1.002
0.36%$9.82
-1.29%$0.99968
0.02%$1.024
1.36%$1.40
-1.12%$0.00001227
-2.08%$0.924601
6.63%$1.38
-1.34%$0.055774
-3.36%$3.01
13.46%$0.275817
6.34%$3,388.95
-0.88%$101,183.00
-0.87%$0.490868
-2.93%$0.559151
-2.15%$620.52
-1.26%$2,392.34
-1.16%$3,372.50
-0.76%$2,346.48
-1.78%$100,956.00
-0.87%$102,343.00
0.11%$1.11
0.03%$2,349.88
-1.08%$0.474794
2.13%$0.532527
-1.07%$0.073381
-2.24%$111.51
0.00%$0.692677
0.19%$0.363219
-0.94%$1.98
-5.48%$147.95
-1.56%$0.998392
0.01%$172.41
-1.69%$0.01008405
-3.08%$2.02
-2.09%$0.772349
1.47%$1.089
0.23%$2,416.39
-1.08%$0.00006409
-2.30%$38.08
-2.12%$0.997556
-0.02%$0.600849
-1.31%$0.657463
-2.53%$29.17
-1.65%$100,715.00
-1.18%$0.232417
-1.03%$17.13
-1.59%$0.01255442
-2.20%$0.146967
-2.12%$0.21331
1.87%$1.86
-1.41%$0.00000056
-2.04%$0.01111559
-1.67%$0.00852277
1.31%$3.28
-5.28%$0.999893
0.01%$100,937.00
-1.06%$0.494039
-0.27%$0.383908
-2.57%$35.19
6.15%$0.493399
-1.51%$2,236.14
-1.08%$0.99834
0.07%$0.085591
-2.77%$101,111.00
-0.98%$2,236.59
-1.08%$1.83
-4.56%$0.304309
-3.81%$2,392.36
-1.19%$0.437903
0.64%$2,345.97
-2.36%$2,236.15
-1.12%$0.237198
0.73%$0.01331488
0.79%$0.56461
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0.71%$0.408748
0.12%$1.25
-2.45%$0.060869
-0.01%$0.999709
-0.00%$0.999759
-0.01%$1.00
-0.00%$44.47
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6.28%$1.09
-0.01%$0.997109
1.21%$2.19
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-0.32%$0.00000039
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2.04%$0.03593312
-2.15%$5.04
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-1.03%$0.168638
6.40%$12.23
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0.72%$0.438092
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1.50%$2,373.68
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0.37%$0.337178
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3.51%$0.063566
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3.14%$1.12
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0.60%$19.43
1.01%$0.999431
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0.01%$100,953.00
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0.27%$0.03231334
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0.00%$1.27
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3.58%$0.00000073
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0.28%$0.00271646
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0.35%$0.553048
-3.68%$98,483.00
-1.07%$0.99972
0.01%$0.591657
9.89%$0.999195
0.01%$0.00449511
-3.72%$0.167629
-1.07%$0.513168
-0.96%$5.49
0.09%$13.60
-0.71%$0.450718
-9.08%Reading
Role
Cofounder of Stellar Development Foundation
Location
San Francisco Bay Area
Current Project
Stellar Development Foundation,Machine Intelligence Research Institute
Previous Projects
ripple.com,Code Collective,MetaMachine
XRP, the third-largest cryptocurrencycryptocurrency by market cap, is on the rise. Early on Sunday morning, it hit a peak of $0.32, according to CoinMarketCap, its highest price since mid-February. And the pump has held strong through until Monday; its current price is $0.31.
But anxieties abound in the XRP community that one of the coin’s creators, Jed McCaleb, is about to dump all of his XRP onto the market and therefore crash the price.
McCaleb was owed 9 billion XRP when he left Ripple, the company he co-founded and later left. He had agreed to only dump a certain amount of XRP each year onto the market to avoid affecting the price.
After he revised that agreement with Ripple in 2016, McCaleb could sell a percentage of the coin’s daily volume. He wrote on his website that this “allows for significant increases in my selling ability as volume increases, something that was not possible before.”
Trading volumes have once again increased. Yesterday, $5.2 billion worth of XRP was traded, the highest amount since mid-February, and billions more than the coin’s daily volumes in 2016.
ℹ️ We have added an update to our "Chasing Crypto Whales" research. Check out how much a #Ripple founder makes per day in 2020 selling #XRP in the link below.https://t.co/BcCcSmtKHO
— Whale Alert (@whale_alert) August 3, 2020
Whale Alert, a Twitter account that tracks the movements of crypto’s biggest spenders, wrote today in an update to a blog post dedicated to tracking McCaleb’s money that he’s sold an additional 266% of XRP in 2020 compared to last year.
Whale Alert found that the average amount of XRP that McCaleb is selling each day is around 1.74 million, or $374,200.
So, is McCaleb going to crash the XRP market? Based on his track record, “Compared to the total trade volume per day, the amount he is selling seems insignificant,” found Whale Alert.
“The real question is how much effect McCaleb has on the net amount of XRP available. Even though we do not yet have enough data to make a conclusive statement on this, we can determine that, because he is exclusively selling XRP, he is adding to the net amount available.”
But he’s not reinvesting into the crypto market, said Whale Alert. “It seems that the profits are being cashed out directly through Bitstamp and we found no evidence that any of it is being reinvested into the crypto market.”
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Crypto news outlet Cointelegraph has confirmed that its website was compromised in a front-end exploit used to promote a fraudulent token airdrop and steal from users. It said in a statement on X on Sunday night that they were aware of the “fraudulent pop-up” and were “actively working on a fix”. “Do not click on these pop-ups, connect your wallets [or] enter any personal information,” it warned. Decrypt has approached Cointelegraph for comment. North Korea Targets Crypto Professionals With Ne...
Texas sheriffs used power tools this week in retrieving $32,000 from a Bitcoin ATM after a Jasper County family said they were scammed out of funds, according to local law enforcement. The family said it had lost $25,000 to the fraudsters. An image shared by the Jasper County Sheriff’s Office on Facebook shows sparks flying as an official uses what appears to be a circular saw to crack into a Bitcoin Depot kiosk. Other images show stacks of hundred dollar bills, evidence bags, and a gas station...
The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July. Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly. With infl...
