Bitcoin Forum

The recent market sell-off may not affect only stocks and Bitcoin (BTC). Apparently, XRP whales are also looking for a fiat position, as one wallet moves 24.95 million tokens to a crypto exchange.

https://bitcoinist.com/25-million-xrp-head-to-bistamp-from-ripple-whale-wallet/

Ripple is know for doing this.

25 Million is a huge amount, it looks like some whale gets in a panic with this market crash and is ready for selling. If ripple price start crashing then he is selling them. So, Ripple holders should keep an eye on this whale... $5M can crash ripple in a couple of minutes.

The whale is also trying to create a backup amount for himself. It looks like people have already started to be panic caused by the pandemic that disrupts the global economy. The ripple company is also trying to take the fiat position too by liquidating the pre-mined coin every month. This will not actually give an impact on the bitcoin but that will give a huge impact on the ripple market.
Just hope more whales will dump his ripple for fiat or another coin like bitcoin lol he was taking the right decision.

I don't think they in a panic mode, perhaps just positioning themselves again to cash out if the market recovered in the next coming days. Besides, this centralised coins could really be manipulated by their whales anytime they want, unlike bitcoin. And @joksim299 have said, they are known by this kind of shady move, so to speak.

That's right. Nothing new from this project. But we don't know why they are doing this kind of manipulation. Are they really selling off or just planning for other things? This is the reason why you can't trust centralized coins, as they have the control of what's need to be done in their market.

Wow, more than $ 5 million is a huge amount, hopefully it's not true it's a market panic. Let's wait for clear confirmation from the Ripple that they might have an explanation for this

Nice article it shows that some whales are trying to spread some asset and looking into good position. Actually the amount can be traded on exchanges in one day but it doesnt necessary mean they will dump it.

Another reason for this obviously is the corona virus, damn it. If this will continue then market will surely go down. Even we have some good news of legalization the people still are in panic mode. I hope health companies developed a cure avoiding the spread to this case as global recession could somehow appears anytime.

Not the first time they do that so  i am not surpise any more if that things happen.

It will affect the market yes, but it will also help xrp to increase his daily volume, is it related to corona ?
Possible if the owner is from a country that belong to those who have suspected increasing count of covin affected .

However you look at it, it's their money, as the global market crash continues taking its bite on virtually every sector, Cryptocurrency is feeling some heat of it but not as much as the stock market. People trying out ways to save their fund from heavy devaluation because of the bad market condition.

I don't think it's too panic about this even though it's in large numbers I'm sure the Ripple wall is so strong that it won't crash into prices so deeply and the supply is also very high so it's 25 million XRP I think it's a small amount for the pope.
But we need to look at the condition of the XRP's movement to the extent that it will crash so that we are ready if that really happens.

Honestly, this is normal.
I don't think the price of the XRP will fall too much just because Whales sells a lot of XRP

Yes, in effect it would not be so much when there were whales selling XRP in large quantities, but the effect of falling prices when someone releases large amounts of XRP will certainly be there, even though the decrease is only a small amount and not in a long term.

I think the current market panic is only because of the corona outbreak, many people prepare cash to face this epidemic.

Everything listed on CMC is red and above all the biggest cryptocurrency has lost mores than $3000 dollar in just 24 hours and you are still concerned about a centralized coin. As the panic grows you can expect much worst situation.

As expected not just xrp but other whales are probably sniping which coin to burn with. Btc has been played all along as the market seems to receeding now. The price still down but its slowly recovering from a huge crash since last night.

Whales dumping their XRP to cause more panic, don't worry they'll buy that again once the market is stable again.
They will not make an easy decision, all is calculated because they are smart, so let's be calm, we've seen the market dump many times and besides crypto is highly volatile.

It was move because it's intended for a dump, nothing is unusual here, when there is a panic whales also are doing the right thing.

Maybe they saw some serious downfall still to come so they dump right away to cut loses and eventually buy as the price reaches its dip.

the incident some time ago made many investors and many popes panic because at the place of exchange many coin prices collapsed, so the popes preferred to secure their assets and sell them at the exchange. hopefully the whales can make prices rise again when this disaster is over.

but it is not a lot of money, compared to XRP valuation, i do not think that that will influence price more than news regarding corona virus, for example that Brasilian president, that met with Trump last week is positive
https://www.theguardian.com/world/live/2020/mar/13/coronavirus-live-updates-uk-us-australia-italy-europe-school-shutdown-share-markets-sport-events-cancelled-latest-update-news

investors panicked because the crypto market turned red in the past two days, not only the XRP whales panicked, but almost all the big investors sold their assets. just look at the price movement is still a very significant decline because of the viruscorona outbreak.

We don't know now if what's the real reason behind this massive downfall, everything is falling not only bitcoin but also those major alts behind
this industry. Many investors are panicking and doing cut loss to avoid further damages to their assets.
xrp is following the market movements and whoever holding this wallet seems that its also doing the same.

I hope this Corona virus can quickly get the vaccine and its medicine because if the virus spreads more widely then it is certain that the world economy will increasingly fall and many companies and even many markets will collapse because many people will withdraw money.

With the current state of the market and the issue of corona sales in such large numbers is very sensitive to the market. Moreover, many people are selling their assets to get cash now, so I don't think the time is right.

When the price of bitcoin dropped, many investors began to worry and panic, I think this is normal because they are more concerned with the value of their portfolio to survive. In addition, some investors prefer to sell because they might want to transfer their assets to other, more profitable coins

It may be that investors who sell large quantities of XRP want to liquidate their assets amid falling prices and are afraid that XRP prices will fall deeper. The impact of the coronavirus has affected the world economy and by taking a fiat position, investors in my opinion would prefer to wait and see

Yes, we can see it doesn't seem to affect the market, Ripple prices are still following other crypto price ripples. Hopefully the Ripple in the future can choose the right time to release some of his coins to take fresh funds so as not to cause alarm