XRP crashes after Ripple co-founder sells tokens worth over $170 million. This sudden move shook the market and triggered panic. Many investors rushed to sell, causing a sharp drop in XRP’s price.
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In the crypto world, large token transfers to exchanges often signal bearish sentiment. This time, the wallet belonged to Jed McCaleb, Ripple’s co-founder. He’s known for holding large XRP reserves.
Blockchain tracker Whale Alert reported the move. McCaleb transferred around 175 million XRP to several exchanges. That’s equal to about IDR 2.8 trillion or $170 million USD.
This transfer raised concerns. Investors feared he would liquidate his holdings quickly. That fear turned out to be true. The market responded with heavy sell-offs.
Ripple continues to build global partnerships and drive adoption. But moves like this damage short-term trust. Many wonder why a key figure would sell during ongoing developments.
Some analysts claim McCaleb has followed a selling schedule. He agreed to this routine as part of a past deal. However, the size of this recent transfer caused serious concern.
Experts believe the market may recover after this pressure fades. But right now, confidence remains shaky. XRP crashes after Ripple co-founder sells tokens, and it left a clear impact.
📌 Conclusion:
XRP’s sudden price drop shows how powerful major holders still are. McCaleb’s $170 million XRP dump affected market psychology. Retail investors should stay calm and informed. In crypto, decisions made by a few can move prices for many.
