Crypto Fund Goes Short on XRP and Blames Ripple Sales For the Situation

  • Crypto Fund Goes Short on XRP and Blames Ripple Sales For the Situation
  • While Bitcoin has experienced a recent rally in what has been an amazing recovery from the approximately $3,200 it was worth in the first months of the year, altcoins’ fate hasn’t been as kind as that of the world’s leading crypto asset.
  • People with knowledge of the industry and its dynamics seem to think that XRP’s founders, such as Jed McCaleb, cashing out their tokens have had an impact on the crypto’s fate.
  • According to the co-founder of Multicoin Capital Kyle Samani, Ripple’s sales have gone substantially up in recent weeks, in comparison with the first three quarters of the year, which may have its consequences when it comes to the downward pattern of its price.

Read full article: insidebitcoins.com