Ripple’s co-founder collapses XRP cryptocurrency rate

The value of the cryptocurrency XRP XRP $3.18 XRP 1.29% Market capitalization $188.45 billion VOL. 24 hours $0.52 billion has fallen by almost 2.5% after the co-founder of Ripple transferred tokens worth about $ 150 million from his wallet. This transaction sparked a wave of discussions among analysts and market participants about a possible «dump» — that is, a massive sale of assets by founders or large investors.

According to the blockchain data, the transfer was made to one of the major cryptocurrency services, which often precedes the subsequent sale of coins. Some experts argue that such steps by the co-founders may put pressure on the asset price, causing negative sentiment among small investors.

Analysts note that such large transfers are a signal to traders about a possible change in the dynamics of the XRP market in the near future. This is not the first time that movements of significant volumes of tokens from wallets associated with Ripple’s top management have been accompanied by price fluctuations.

The drop in the XRP rate occurred amid the general volatility of the crypto market, but it was the dump factor that became the catalyst for the sharp decline. Some analysts advise investors to be cautious and closely monitor further transactions by major players.

In general, such events intensify discussions about transparency and trust in the cryptocurrency industry, especially in the context of the influence of large owners on the digital asset market.