XRPUSDT - TacoStand now closed 🌮
Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
FINALLY ! In his infamous “tacostand” wallet, Jed McCaleb ( founder of Ripple Labs ) has finally ceased selling all of his XRP holdings.
The former Ripple exec made his final XRP transfer on 17 July for 1.1 million XRP (worth $394,742.18). A few hours later, the account displayed “ACCOUNT DELETE” transaction, suggesting that it will be removed from the XRP ledger. The transaction completes the 9 billion XRP sell-off McCaleb started in 2014. He did so after leaving Ripple Labs to co-found and work on Stellar.
This may very well be bullish news for the XRPUSDT / XRPUSD community. Jed was dumping large piles on the market, creating a huge supply zone as often as his contracts allowed him to. Now, all of that supply is finally gone and the market may become healthier or more "organic".
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In other cryptocurrency markets :
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CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
FINALLY ! In his infamous “tacostand” wallet, Jed McCaleb ( founder of Ripple Labs ) has finally ceased selling all of his XRP holdings.
The former Ripple exec made his final XRP transfer on 17 July for 1.1 million XRP (worth $394,742.18). A few hours later, the account displayed “ACCOUNT DELETE” transaction, suggesting that it will be removed from the XRP ledger. The transaction completes the 9 billion XRP sell-off McCaleb started in 2014. He did so after leaving Ripple Labs to co-found and work on Stellar.
This may very well be bullish news for the XRPUSDT / XRPUSD community. Jed was dumping large piles on the market, creating a huge supply zone as often as his contracts allowed him to. Now, all of that supply is finally gone and the market may become healthier or more "organic".
Related news Highlights in Crypto :
👉 Binance flips Coinbase and becomes nr1 exchange with the most BTC held
👉 Celsius network allegedly lent $75 million to Three Arrows Capital
👉 Three Arrows Capital allegedly owes $3.5 billion to 27 different crypto companies
👉 Crypto exchange Bitstamp will charge inactive users a monthly fee of $10.20
👉 Russian President Putin signs law banning cryptocurrency payments
👉 Celsius faces Ponzi Scheme lawsuit
In other cryptocurrency markets :
⁕ Bitcoin BTC reclaims 23500k support zone
⁕ ADAUSDT reclaims 0.5c support zone
⁕ DOGEUSDT up 9% over 24h
⁕ Ethereum reclims $1500 support zone and aims for $2000 resistance zone
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
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