Popular Post jbjnr Posted April 13, 2021 Author Popular Post Share Posted April 13, 2021 1 hour ago, wogojump said: One factor to consider as well, is Ripple and their executive's ability to still mass sell XRP after the SEC lawsuit is finished. At this time, it appears they will most likely still be able to continue selling XRP (which eventually is bought back by retail investors). There are no guarantees how much and what strategies they will continue to use for selling XRP. It's worth pointing out the difference between ripple's sales and Jed's. I did some extensive research on it in this thread https://www.xrpchat.com/topic/28981-analysis-of-ripples-xrp-sales/ and this one https://www.xrpchat.com/topic/29985-q4-analysisprediction/ and found the alarming rate of 3% of daily volume, which was revised downwards when I changed data source and Ripple (to their credit) reduced their sales sometime later when they decided that the volume figures they were using were inflated by wash trading from dodgy exchanges and they now use only cryptocompare "top tier" data I believe. However, the important take away is that Ripple's programmatic sales for today were based on the volume traded yesterday. Jed's sales are based on the volume traded 2 weeks ago. If there is a massive surge in volume, it usually drops off in a controlled/gradual manner and so a large sale by Ripple et al on Tuesday, after a huge surge on monday isn't generally a major shock. When Jed sells in 2 weeks time after the recent surge has possibly dropped off to "normal" levels (which may not happen) - then the impact is much much larger. He might only sell 1.5% of volume from Day X, but if the sales happen on Day Y, 2 weeks later when the volume is 10% of what it was before, then that 1.5% is now 15% and does have an impact. Not saying this will happen, but I would not worry about Ripple sales personally as I believe they have tried their best to not impact the market and have been "good shepherds" for xrp generally. PunishmentOfLuxury, wogojump, solid102 and 14 others 17 Link to comment Share on other sites More sharing options...
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