Secrets Unveiled: Top Crypto Analyst Reveals Truth Behind XRP Sales Pause

The post Secrets Unveiled: Top Crypto Analyst Reveals Truth Behind XRP Sales Pause appeared first on Coinpedia Fintech News

A recent analysis of Ripple’s XRP sales data has unveiled intriguing patterns, sparking curiosity about the company’s strategies amid its legal tussle with the U.S. Securities and Exchange Commission (SEC). Well-known Crypto analyst Mr. Huber revealed important insights into Ripple’s XRP sales and legal struggles during the peak of XRP’s value in April 2021.

In a recent tweet, Mr. Huber pointed out that Ripple stopped selling XRP for 22 weeks after the SEC filed a lawsuit against Ripple in December 2020, signaling a temporary pause in supply influx. Notably, co-founder Jed McCaleb also stopped his XRP sales during this period, adding to the break in circulation.

Do you recall the peak in 2021, when @JoelKatz pinpointed the exact peak? The following observations: Ripple didn't sell any more XRP in the first 22 weeks after the SEC lawsuit was filed, according to circulating supply data. Jed McCaleb also halted his sales for a period.… https://t.co/ehQrPIgUm0 pic.twitter.com/cIo6t4aH0P