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Jed at it again???? 40 Million XRP dump??


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https://globalcoinreport.com/40-million-xrp-transferred-former-ripple-executive/

Current price drop due too good 'ol Jed selling his zerps? Massive 40 million transfer  happened, few hours delayed dump by Jed???? Feels like the  only explanation for the extremely sudden dump we are seeing. People watching and this triggered even more people to sell???

Thoughts? Personally, my own opinion is that it's Jed selling his zerps and people saw the thing while watching transactions which that triggered a larger cascad of short-term profit takers. I think the price will return soon.

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8 minutes ago, Plikk said:

OP get your facts straight before spreading FUD. Jed can only sell 1/2%-1% of the total volume a day. His wallets are under supervision by Ripple. Use the search function for the entire document or google it. I have posted it a few times before. 

 

Edit: found it

 

Do you think you're the only one who knows about Jed's 0.75% of daily volume settlement? The point is that Jed sold after the price seemingly stabilized and that triggered, an, I don't know, a RIPPLE effect :lol:, as short term profit-takers follow suit.

0.75% of $643,277,315 XRP  is $4,824,579 of XRP.... which may not seem much but considering how people have een watching Jed's sell-offs it's not surprising that a ripple effect happened...

Edited by Domp_Eet
Inserted figures
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11 minutes ago, Domp_Eet said:

Do you think you're the only one who knows about Jed's 0.75% of daily volume settlement? The point is that Jed sold after the price seemingly stabilized and that triggered, an, I don't know, a RIPPLE effect :lol:, as short term profit-takers follow suit.

0.75% of $643,277,315 XRP  is $4,824,579 of XRP.... which may not seem much but considering how people have een watching Jed's sell-offs it's not surprising that a ripple effect happened...

This is complete BS. Market is correcting and folowwing the BTC dump as before. Has nothing to do with Jed at all.

the entire settlement is about selling in a way it does not have a negative impact on the market. 

Edited by Plikk
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Just now, Uloveme said:

The good part is that his total RP stash is getting smaller. In 2018 he sold/transferred about 90m XRP, if it continues at this rate he could be done before the end of 2019. https://bithomp.com/explorer/r4LxkCUXYTCUgwquN3BnsUxFacoVLjGFyF

Indeed, if you pay attention from september you'll see two dumps at 9/25 and 10/10 to 10/11. Jed is the only one with the XRP (and the publicity) to sell enough XRP to cause a short-term global market price shift.

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1 minute ago, Domp_Eet said:

Indeed, if you pay attention from september you'll see two dumps at 9/25 and 10/10 to 10/11. Jed is the only one with the XRP (and the publicity) to sell enough XRP to cause a short-term global market price shift.

Keep dreaming. 

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6 minutes ago, Plikk said:

This is complete BS. Market is correcting and folowwing the BTC dump as before. Has nothing to do with Jed at all.

the entire settlement is about selling in a way it does not have a negative impact on the market. 

Take a good look at XRP/USD pair on Gatehub.

Heavy selling of millions of zerps in the last few hours has brought the price wildly down and is now stuck down @ .36 !

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12 minutes ago, vrippled said:

Take a good look at XRP/USD pair on Gatehub.

Heavy selling of millions of zerps in the last few hours has brought the price wildly down and is now stuck down @ .36 !

Yeah it’s certainly weird. But it aint Jed either. I don’t know what’s up with that. 

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