This is from one commentator... "As long as Jed McCaleb is selling into rallies it's hard to keep forward momentum. Anyone know how many xrp this guy has left? The majority of selling is this guy, his family and charity organizations he gave his tokens to..."
Is he another Bitmain which sold their BTC for BCH?
Nope but he is probably the one that will sell XLM for XRP.
This is from one commentator... "As long as Jed McCaleb is selling into rallies it's hard to keep forward momentum. Anyone know how many xrp this guy has left? The majority of selling is this guy, his family and charity organizations he gave his tokens to..."
https://www.forbes.com/sites/laurashin/2018/01/02/meet-the-crypto-billionaires-getting-rich-from-ripples-xrp/#236bd2c23289Quote
The remaining 5.3 billion XRP as of February 2016 are in a custody account at Ripple and are meted out to him on a monthly basis. Since the agreement was reached, he has been allowed to sell less than 1% of average daily volume on one exchange that now itself accounts for only 1%-2% of all XRP trading volume. If McCaleb had access to all of the XRP at once, he would be a billionaire.
I thought that'e enough to explain how much he was selling it in monthly basis. Ripple foundation is still preparing to sell their coin to the market too. I heard Jed was a creator of the Mt.Gox too and is that true?
Sell your ripple before it's too late.
I think the rest of us had already done that and had bought back already for more. You should be doing this while you still can afford because once you can't then 1XRP is going to be so precious, you would want to work for you the whole week or month before you can get one.