lets take a look at what is happening with xlm/ Jed Mccaleb and XLM

[ppblockchain]

Jed mccaleb is carelessly dumping xlm on binance
he periodically market sells 1 million or more xlm for btc, causing the price to sink 1% or more, this is clearly visible when you look at the 1m volume on the xlm/btc pair

now i will explain
the "non profit" stellar foundation still holds over 90% of the xlm suply and the network has a built in inflation of 1% anually, thus, they receive ~900'000'000 XLM every year
which they can freely dump into the market, and they do
source:

https://dashboard.stellar.org/ -> Lumens Distributed = 8,657,842,676

go take a look at binance's xlm/btc on the 1 minute candles
all the crashes were caused by jed

now lets look at jed's wallets

https://stellar.expert/explorer/public/account/GBNDKFMGZWYOUA3K5PKSDT677HHQNUM7VFYVAZPJVGA73NXRWSWLGIMC?filter=payments

this is one of jed's wallets that has been sending xlm to binance
all the balance of this wallet came either from the inflation wallet or the sdf operational wallet
which are also jed's wallets, but of course jed wouldn't send xlm to binance directly from xlm's "official" wallets

xlm inflation wallet: https://stellar.expert/explorer/public/account/GDWNY2POLGK65VVKIH5KQSH7VWLKRTQ5M6ADLJAYC2UEHEBEARCZJWWI

sdf's operational wallet : https://stellar.expert/explorer/public/account/GB6NVEN5HSUBKMYCE5ZOWSK5K23TBWRUQLZY3KNMXUZ3AQ2ESC4MY4AQ

see in the balance chart how it took a big dip at some point, that was jed sending "supossedly to be distributed" xlm, to his personal wallet (sdf operations)

[Igor.J]

Jed mccaleb is carelessly dumping xlm on binance
he periodically market sells 1 million or more xlm for btc, causing the price to sink 1% or more, this is clearly visible when you look at the 1m volume on the xlm/btc pair

now i will explain
the "non profit" stellar foundation still holds over 90% of the xlm suply and the network has a built in inflation of 1% anually, thus, they receive ~900'000'000 XLM every year
which they can freely dump into the market, and they do
source:

https://dashboard.stellar.org/ -> Lumens Distributed = 8,657,842,676

go take a look at binance's xlm/btc on the 1 minute candles
all the crashes were caused by jed

now lets look at jed's wallets

https://stellar.expert/explorer/public/account/GBNDKFMGZWYOUA3K5PKSDT677HHQNUM7VFYVAZPJVGA73NXRWSWLGIMC?filter=payments

this is one of jed's wallets that has been sending xlm to binance
all the balance of this wallet came either from the inflation wallet or the sdf operational wallet
which are also jed's wallets, but of course jed wouldn't send xlm to binance directly from xlm's "official" wallets

xlm inflation wallet: https://stellar.expert/explorer/public/account/GDWNY2POLGK65VVKIH5KQSH7VWLKRTQ5M6ADLJAYC2UEHEBEARCZJWWI

sdf's operational wallet : https://stellar.expert/explorer/public/account/GB6NVEN5HSUBKMYCE5ZOWSK5K23TBWRUQLZY3KNMXUZ3AQ2ESC4MY4AQ

see in the balance chart how it took a big dip at some point, that was jed sending "supossedly to be distributed" xlm, to his personal wallet (sdf operations)

Updated ripple, but there are many advantages over the currency controlled by banks. And if the ether continues to lose demand, it will definitely switch to stellar. So we expect the growth of the blockchain exchanger, which is so necessary for the market.

[poodle63]

Jed mccaleb is carelessly dumping xlm on binance
he periodically market sells 1 million or more xlm for btc, causing the price to sink 1% or more, this is clearly visible when you look at the 1m volume on the xlm/btc pair

now i will explain
the "non profit" stellar foundation still holds over 90% of the xlm suply and the network has a built in inflation of 1% anually, thus, they receive ~900'000'000 XLM every year
which they can freely dump into the market, and they do
source:

https://dashboard.stellar.org/ -> Lumens Distributed = 8,657,842,676

go take a look at binance's xlm/btc on the 1 minute candles
all the crashes were caused by jed

now lets look at jed's wallets

https://stellar.expert/explorer/public/account/GBNDKFMGZWYOUA3K5PKSDT677HHQNUM7VFYVAZPJVGA73NXRWSWLGIMC?filter=payments

this is one of jed's wallets that has been sending xlm to binance
all the balance of this wallet came either from the inflation wallet or the sdf operational wallet
which are also jed's wallets, but of course jed wouldn't send xlm to binance directly from xlm's "official" wallets

xlm inflation wallet: https://stellar.expert/explorer/public/account/GDWNY2POLGK65VVKIH5KQSH7VWLKRTQ5M6ADLJAYC2UEHEBEARCZJWWI

sdf's operational wallet : https://stellar.expert/explorer/public/account/GB6NVEN5HSUBKMYCE5ZOWSK5K23TBWRUQLZY3KNMXUZ3AQ2ESC4MY4AQ

see in the balance chart how it took a big dip at some point, that was jed sending "supossedly to be distributed" xlm, to his personal wallet (sdf operations)

Updated ripple, but there are many advantages over the currency controlled by banks. And if the ether continues to lose demand, it will definitely switch to stellar. So we expect the growth of the blockchain exchanger, which is so necessary for the market.

Hey OP look at that guy above me, and how pathetic this terrible bounty participant that can't even read your thread properly.

Jed needs more and more money to buy lambo, he has already brought 2 million dollars in a day from the market.  He will dump all of his stellar asap. Those XLM buyers must realize how they can make a team become millionaires by throwing all of their money to the shitty stellar coin.

[Laxus215]

Great post OP, this post is must read for stellar (XLM) believers to be on safer side. Jed mccaleb is also dumping XLM on Kraken exchange too and the affect can be easily observed by seeing the current value of XLM.

[ukloon]

So this is the reason why such a great project has not been able to pump. It is just as good as ripple, even better really and has a partnership with no other than IBM. This should be wiping the floor with ripple, but it seems Jed is not allowing his supporters to profit, just dumping the coin himself rather than support it