SRing that this post has been a long time examined already, I can simply say that the ripple still stays in it's stride regardless of the action of the executive member. The coin is tough I must say
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The sale affected them back then but ripple survived the incident and was able to rise further amdist the cases. It is a matter of time before ripple wins the caseEven though it's a bad sign for the former owner of ripple to sell that amount of coin during the trying times of the coin I think the coin is actually a good coin to hold in the cryptocurrency exchange Business.
The battle of ripple maintaining the sixth position is not an easy feat for Solana,this changes I believe will bring positive reaction and turnover for ripple coin.Jed McCaleb, who happen to be one of the founders of Ripple ,and who left in 2013 sold 28.6 Million xrp ,as part of the agreement they made , and in reducing his shares of xrp .
This will fill the market with more xrp ,and considering that investors are silent in buying xrp now due to the lawsuit , do you think that this will affect affect Xrp positively or negatively ?
Yes mate, this a really turbulent times for the Crypto currency, as the current sale would definitely affect the market value of the Crypto currency as a lot of investors might also sell out their own shares too.That is called dumping in the crypto world. Well crypto dumping affects the crypto negatively. Maybe he has seen the future of ripple and decided to sell his own part and move on. It may also be as a result of some administrative differences that requires him to part way with the company. It's not a good omen for ripple. I hope they overcome this recent challenges.