More than 2,000 crypto investors signed an online petition asking Ripple to stop selling many of its XRP tokens. These people believe that this is behind the cryptocurrency’s poor price performance since the end of June.
The petition which has gathered over 2,000 signatures a week ago read:
“Ripple continue dumping billions of XRP on us, crashing the price,”
Its amazing this sort of behaviour is widely accepted in the crypto world. Sure we know that XRP is a solid coin with major potential but this needs to stop!
XRP hit a record high of $2.85 in early January, 2018, then reached a high of $0.5055 on the June 22 this year, but has fallen by 47%.
According to the petition, posted on Change.org by a site user called Crypto Bitlord,, the only explanation behind such relatively poor performance is that Ripple is dumping XRP on the market.
“Every day there is good news – a new bank or partnership,” it says, but still the price keeps falling.
The only logical explanation is that Ripple are dumping on us. And not small amounts either. Literally billions. We have seen the reports of them disclosing this so its a fact.