Popular crypto influencer and outspoken XRP critic Crypto Bitlord just set the cryptoverse ablaze by asking a simple question.
In a viral tweet, Bitlord asked his following of 127,000 people on Twitter why Ripple’s native token has not yet staged as big bull rally this year.
Can someone explain to me why $XRP hasn’t pumped yet??
— Crypto Bitlord 🏝 (@Crypto_Bitlord) September 10, 2020
XRP is currently trading at $0.24 at time of writing and it is up about 25% year-to-date according to the latest data from CoinMarketCap. Meanwhile, Ethereum (ETH) has gained nearly 170%, and Bitcoin (BTC) has climbed over 43% over the same stretch.
One of the top replies to Crypto Bitlord’s suggests that the relatively flat price action stems from the fact that the co-founder of Ripple, Jed McCaleb, has been selling large amounts of XRP every month.
According to a recent report from Whale Alert, McCaleb is