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JKK_XRPIS

(He-who-shall-not-be-named) is Dumping His Position

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12 minutes ago, Pranavan said:

It’s obviously Chris Larsen. That’s not a great sign. 

According to the forbes article Larson has 5B xrp, so this is too big to be him.

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Last time we were being dumped on by an XRP billionaire the price went from like $0.01 to $0.003. lol. He could dump 3 million on us every day 365 days a year and this time next year he will be only 1B down out of 5B. Sigh

 

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This should be Ripple just building liquidity, you don't really think someone dumps 5M XRP on the open market every 30mins, do you, lol? Even if you dump 1M you'd move the price massively.

Edited by iLeeT

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And here is another one, who dumping hard. He is known as JK. https://bithomp.com/explorer/r3gRpQRDdu7pzPhM9nDmXMgskbJ6vwTDbB
That's how they believe in their project.

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3 minutes ago, iLeeT said:

This should be Ripple just building liquidity, you don't really think someone dumps 5M XRP on the open market every 30mins, do you, lol? Even if you dump 1M you'd move the price massively.

someone was dumping 1M blocks on bitstamp a couple of days ago at $2.

5M in 30 minutes doesn't sound like a big deal to me. 1M definitely would not move the market much usually (although now it's got the jitters)

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