Bitcoin Forum

Someone is moving $10 BILLION USD worth of Ripple XRP like it's play money.  Maybe they are about to dump it.

https://twitter.com/coincrunchin/status/975018130387886080?s=19

There have been massive dumps of more than 500 Million XRP in January documented by Koreans who captured screenshots and account details.  You need to translate below using Chrome/Firefox plugin:

https://steemit.com/kr/@koreancrypter/4pgssf

There is still 69 Million XRP left in this guys wallet after he was done dumping.

https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv

All this talk about 35K of stolen Bitcoin but Ripple is such hot garbage from the very start.

Wow, that looks like some fishy movements. Ripple always looked to me like some unreliable coin, always losing money on it. Such news will only encourage people to stay away from ripple

That is the reason why I do not like ripples, they are also very ambitious to be the best and most popular crypto.
Maybe there will be many other ripple supporters who will dump it in the near future.

They could belong to an exchange or the owners, just because they are being moved around does not mean that they are transferring hands or that they will be sold. How many people actually hold that many XRP anyway?

And what are you expecting to happen with a coin created by banks and corporations?

Exactly. The bad part is if there are ready for dump, it will drag the real coins down.

But I don't think this is a pre-dump move. It's more likely to be a big bank to bank deal.

Good to me reading this post, I was about to purchase XRP. So, better take Stellar. On the other hand, I can share point of view of previous comment, Ripple is a corporate coin, so probably some huge banks have a deal

Great find. I had to talk several associates and family members out of purchasing Ripple when it was $3. A few months ago, people were like "You see XRP?! You better jump on it because its taking off!" . Hopefully some can get out before those millions are dumped.

Or may be they are moving  ripple  so that they can send.it over to some big established customer like a central bank .I am.not saying this is the case , but why so much FUd

What a you talking about. Banks have nothing to do with xrp, they have working agreement with Ripple Inc.

Most likely Ripple Inc selling some XRP to pay for upcoming court battles with R3

https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I


R3 used to be in Ripples camp and now they are part of project ubin and hostile to Ripple just like its creator Jeb McCaleb.
https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/financial-services/sg-fsi-project-ubin-report.pdf

Betting On Ripple To Challenge Bitcoin: Think Twice (http://www.valuewalk.com/2018/03/ripple-price-challenge-bitcoin/)
Check signature for good points

not only ripple
after bitcoin price is down and crash all coin is same dump price and cheap price

Same as ADA - these were meant to be the banks choice etc, but they seem to be dying. 

You get 5 bucks if you want, it's still not the player of this market in my eyes.

$10 Billion USD was transferred via the Ripple network not $10 Billion worth of the cryptocurrency XRP

Sorry forgot, banks don't actually use  XRP  ;D

Ripple just hypes it up and gets fools to buy it and dumps hundreds of millions in exchanges as shown above

This is definitely bad news for xrp holders and investors, if true. Looks like xrp is heavily manipulated either by its team or by some big whales.

I think they will be dumped, bad for poor traders  :-[ ripple is centralized trash coin and you can see the result of it, 10 billion! this is huge money one own and will dump on exchanges  ::)

not realy sure, that moving coins are considered bad. probibly bank transfering some money to other bank. you know - usual stuff

If you think hard, then ripple should not be expensive. After all, it was invented for banking, and the less it costs, the more profitable to work with it.

Finally something fishy happened at Ripple to awake investors. We yelled how Ripple was suspicious cause they were centralized project. Not many people listened us.
I still think it might be just manipulator dumping his profits but who knows. We will never learn.

99% of the posters here in this thread are brain dead paid shillers just trying to fud.

ripple is a real centralized scam.  No one who actually understands crypto currency would buy this shit scam.  Hopefully ripple crashes to zero.

^ retard

Until now I have ripple coin and I don't have a problem even the price decrease or someone moving 10billion dollars so that's the price will decrease for sure if many people will invest again so that's why the price will increase again.

The problem is that there is just so much ripple going around. It has a high supply and people who bought in early can easily manipulate the market for quick steals from the unwitting public. Not to mention that there are a lot of people who got burned when ripple was at 23k sats each. There are still a lot of bag holders that you will have to buy through before ripple actually rises in value again.

Don't forget that Ripple Labs completely control XRP system and distribution. Not like most of other crypto XRP is centralised. Thats why the price is very easy to be manipulated. And also thats why crypto community hate XRP.

this could be ripple the company itself cashing in on its stockpile? they have 55 billion or so of ripples in reserve

That's why I never believed in this crypto since.  When I heard about ripple that is connected with banks I doubt the coins already.  Bank system, FEDS, centralization,  the reason why crypto was made and now they want to get hold and manipulate crypto again?.,

10 billion for Ripple is a very small value, and will only make small shocks for Ripple.

Ripple has a lot of inventory, 500 to 600 trillion in Ripple labs, and the rest is in Ripple owners.

I am happy with Ripple, and I predict that Ripple will replace Bitcoin. so if Ripple becomes a crypto king, then the age of the crypto world will be very long.

I don't think any exchange will allow the guy to dump that huge amount on their exchange, unless they want to crash the price, how in the world is one guy able to acguire that much number of tokens, he must be one of the richest guy in the world, $10 billion. How many exchange has that volume to sustain the dump

biggest bullshit post of the day, there isn't even that much money on the whole planet
The market cap for XRP is 25 billion, 10 billion is almost half of it's supply

Not saying or adding anything to the "It's being dumped" comments, just pointing out the obvious bs in this post.

wooooow, thats soooooo much money. i still can't believe it, but i saw it on the links.

crazy world. some people are super rich and some are super poor.

And I did not expect another from her, in the last two years I have been following her and see how they change their attitude towards investors, as well as their attitude to the coin itself and its development. Not to say that nothing has been done, but it is so minimal that it causes pity and understanding that it is time to make a coin into the shitkoins.

Who is moving too much xrp ? Developer moving it ? This is what i am affraid of xrp. Developer hold majority of xrp ammount and can dump it anytime they want. Xrp is very centralised crypto it is supported by bankers because of its centralization. If its true there are 10 billion xrp moving we need to prepare for the dump.

maybe a dump will occur in the next days... who knows? friends bring me her to this forum and bitcoin and everyone warned me against ripple. now i know why. ;)

ok paid shiller whatever you say

In fact, I still do not understand why Ripple in such litigation and news remains afloat. I think this project doomed.   

Ripple still looks like a really unreliable coin, I think it will soon collapse, at least everything goes to that.

Here is a whale looking to dump at good price;
https://bitcointalk.org/index.php?topic=3172135
For all the fan boys, here is golden opportunity to buy huge stash without affecting the price


Price is still lagging
https://i.imgur.com/S2pviSA.png

classical bubble chart
https://i.imgur.com/WQRcsZm.png