10 BILLION USD of Ripple moved and ready to be dumped?

[fatlever]

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.

[1714702600]

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[burdeN]

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

[limmousine]

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.

[eminemcookie]

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?

[I.Grozni]

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

[debuni]

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.

[Genrix]

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

[Viecoin]

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.

[Crypto_lion]

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

[ðºÞæ]

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

..... It's more likely to be a big bank to bank deal.

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, a startup backed by a group of banks that is also vying to build blockchain tools—which create a tamper-proof record of transactions—to improve money transfers.

R3 is a consortium of aligned interests pushing distributed ledger and blockchain technologies to solve real-world problems with payments, settlements, regulatory burdens, etc.

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
Check signature for good points

[cakravothy]

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

[ivrytwr3]

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

[Easy2Mine]

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

[starblocks]

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.

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

[fatlever]

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.

$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 

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

[kindbtc]

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.

[justin86]

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 

[BitcoinGuruOne]

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

[Tryto]

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.

[neinnein125]

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.