Ripple Sales do not influence market
According to data from Whale Alert, McCaleb has sold one billion XRPs in the last five years, at an average price of $0.129 USD, generating nearly $135 million. The remaining balance is estimated at 4.7 billion XRP, representing just under 5% of the total current XRP supply.
McCaleb states that he does not understand why the Ripple Community is focusing on these circumstances, as there are far more important developments in the ecosystem. He also points out that he has been 100% transparent from the beginning and has not had any negative intentions:I have been transparent from the beginning. The market has known for years that I have been selling my XRP at a slow, steady rate. My investment decisions are not based on any desire to negatively impact other companies in this industry. I think the history to date shows there is no impact on the market, and I don’t see any reason why that will change.
We’re all working towards making blockchain a viable, transformative industry. I think we can do that more effectively if we’re supportive of others in the space. For my part, I’m focused on growing the Stellar ecosystem.
The more XRP tokens are sold, the greater the price pressure when it comes to larger volumes. However, according to the results of Whale Alert and McCaleb, the XRP volumes sold are too low and have not had a significant impact on the price of XRP in the past.
Author : Collin Brown