Bitcoin Forum

The PlusToken scam has been consistently dumping its stolen Bitcoin (BTC) on the market for months now. However, one analyst believes that a comparison can be made to Ripple’s 1B monthly token unlock.

The PlusToken scam has become notorious in the cryptocurrency space. Since blowing up in June 2019, it was revealed that the stolen funds amounted to roughly $3B. The majority of these crypto-assets were in Bitcoin, and the scammers allegedly had some 180,000 BTC or approximately 1% of the entire circulating supply.

Click here to read the full news (https://beincrypto.com/ripple-dumps-its-xrp-holdings-like-the-plustoken-scam-does-claims-analyst/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

It seems that they're now starting to compare XRP's dump to the scumbag PlusToken dump!

The estranged XRP co-founder, Jed McCaleb, seems to "dump" his XRP's from time to time, and we don't know how much he had left nowadays. But for now, XRP is trying to look into positives despite that their value continues to decline.

PlusToken's dumping is so notorious, as they're definitely waiting for the "big pump" of Bitcoin and Ethereum, where they're going to pull it back once again to their advantage.

I would like to hear your feedback, opinion or reaction to this one guys. Thank you in advance. 

Ripple is a company with plenty employed in mainly marketing. They need to get salaries. And they get super good salaries. Money has to come from somewhere. Yes it comes from suckers that buy ripple. Ripple is not a cryptocurency, but an ICO without any product. And ICO that is keep ongoing. Usual ICOs happened at centrain time. Ripple is keep crowdfunding. Crowdfunding for a non existing project.  Well they project coudl be buying out ( because of real cryptocurrencies) bankers. They bought moneygram, maybe will buy also federal reserve.

I always knew XRP to be dodgy shit. Their centralization, their held money for the purposes of the company and advertising, their board and their CEO with millions of USD in wages.

I mean, you have a company that has been around for years but has not secured a banking contract. They were supposed to be a bridge currency used by the banking sector but years and 2 CEOs later there are no contracts and the price keeps going down but they're taking huge wages for nothing. The money has to come from somewhere.

Always expect that devs have already made up their minds and plans that they'll soon dump their tokens for profit. They just didn't created those projects for nothing but it's all for the money.

There could be the reason of innovation and actual use case but you just can't remove that possibility that they wouldn't chase for the profit. The known altcoin devs have exposed that they've dumped during the all-time highs, Charlie Lee, Vitalik, et al.

If the founder sells from time to time for development reasons, then it's still fairly reasonable. But look at the facts that happen, there are a lot of promotions, advertisements and partners they have, but so far it has no effect on ripple growth.

I thinks its very noticeable and very obvious, first they targeted Eth the 2nd largest cryptocurrency by Market Capitalization, by sensationalizing the issue with Vitalik Buterin selling its 30k ethereum during its price peak.Now they targeted XRP the top 3 cryptocurrency base on CMC ranking and the worst is they comparing it to the plustoken shit, after XRP who's next Tether,EOS etc. i have a doubt of these so called analyst that's why i don't just believe easily in any information that i receive without proper validation.

This is possible to happen and maybe this is happening now. Because its obvious Ripple is centralize and control by developer so the possibility of dumping token to gain profit is higher. Hopefully XRP will not dump all token and create exit scam because this will be the biggest fraud of crypto history.

The team too the Ripple this far. They deserve to cash it out and spend a good life.
Seriously, they are always in the news one way or other and the moneygram partnership could turn favorable for Ripple holders.
They have in so many ways represented altcoins and they are pioneer of one kind.

$3B? That's insane. Funny how other of these is perfectly legal one having a cult like following. While the other one is just clearly bunch of criminals. Plus token should have just adopted similar dumping system and they would be all legal.

They deliver a good service to its customer and they deserve to cash out anytime they want. XRP is not the only altcoins who’s dumping right now and I believe they wont leave the market because being a number 3 coin is not an easy task to do so and they worked hard on that one, if they sell then they also need to buy back to continue to trend.

this statement just comes to non-sense believers of XRP. XRP never doing any advertisement and it's not so active like another ico or even projects. Jed has already retired from the XRP team and he was getting his multi-billions worth of pre-mined coins.
XRP never did a promotion or at least very rare to see that. It is not having a utility product that means fi ripple is security. Jed has already successful to build a quick-rich scheme method to make his family becomes millionaire instantly. Don't be very optimistic about ripple because it's a crap coin that will always be dumped anytime. Remember in additional if ripple team is actively sending its pre-mined coin to the market too. ripple is about to go to zero value.