Stellar founder Jed McCaleb commented on the criticism regarding his XRP sales and past platform activities.
McCaleb: "I Did Not Sell to Harm the Community"
Jed McCaleb, denying the accusations over social media, stated that his actions were not aimed at harming the community. Among the critics was a user 'Cryptoinsightuk', while another user, Jim Knox, claimed the sales were intended to harm the XRP community. McCaleb assured that his sales began long before the SEC lawsuit against Ripple and were conducted transparently.
XRP Lawsuit and Its Market Impact
McCaleb highlighted that his sales decisions were independent of legal processes. The SEC's lawsuit against Ripple has significantly impacted the cryptocurrency market, although recent developments suggest potential easing of regulatory pressures. Some analysts believe this could positively affect XRP prices.
Community Reaction and the Future of XRP
The XRP community has long been cautious about McCaleb's sales. His past high-volume transactions have attracted much attention, particularly during price fluctuations. Despite McCaleb's clarifications, some investors remain skeptical.
While McCaleb has provided explanations for his stance and actions, the impact on the market and investor sentiment remains mixed.
