## RIPPLE PREPARES FOR WHAT COULD BE THE LARGEST XRP DUMP IN 7 YEARS

November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years.

The company, XRP Ledger’s core developer and largest holder, reserved 470 million $XRP to sell, worth $240 million at current prices ($0.512).

Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell.

In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount for its selling activities.

---

This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual.

However, Ripple (24) re-locked only 30 million XRP within Ripple (12), unprecedentedly sending 470 million XRP to Ripple (1).

This is the account used for the monthly dumps throughout the years.

Notably, Ripple’s previous largest dump occurred in June after reserving 200 million XRP and adding an extra 200 million from the idle account Ripple (35), as I reported for Finbold.

The massive and unprecedented sell-off concluded on June 20, which I also covered, totaling 400 million XRP sold.

XRP has accumulated 18.70% losses year-to-date.

Interestingly, Ripple sold 2.576 billion XRP in 2024 so far. The largest sales to date occurred in June (400 million), September (350 million), and July (300 million).

Yet, in all these previous months, Ripple had only reserved the usual 200 million XRP from the escrow unlock. The additional selling pressure came from idle accounts throughout the month – differently from what we are observing now, in November.

What do you think will happen next?

Today, I was explaining to someone how I plan to educate my six-month-old son to learn critical thinking above everything else.

Allowing him to meet different perspectives, ask the right questions, and draw his own conclusions about life.

People were shocked. I should be planning to force him to believe in what they believe. How would I dare teach my son to think?

I follow, use, and am personally interested in many cryptocurrencies.
Each has its unique competitive advantages and flaws.

There is no such thing as a perfect crypto, but there are certainly some that stand out among others for different reasons.

That said, my studies lead me to believe MultiversX (EGLD) currently has one of the most considerable asymmetries between nominal value ($23.3) and fundamentals in the market.

Leveraging maximum scalability with maximum decentralization to build a secure decentralized finance infrastructure for builders (dev/acc) and users all over the world, in a permissionless network running an open-source software.

There is enormous potential to attract productive capital in a proper ecosystem, which could foment active use and adoption worldwide.

If I were to build a business today, I would choose to build it on top of MvX.

However, I would also consider integrating it with other chains that I find really appealing for different reasons, such as Monero (XMR), Nano (XNO), Radix (XRD), and Algorand (ALGO), mostly.

But also Ethereum (ETH), Solana (SOL), Sui Network (SUI), Litecoin (LTC), Near (NEAR), Avalanche (AVAX), Bitcoin Cash (BCH), Dash (DASH), Zano (ZANO), Cardano (ADA), etc.

If you haven't looked into EGLD yet, do it now.
And let me know what you think about MultiversX.

For all the DeFi users, what, in your opinion, is the ideal Health Factor (HF)/Borrow Limit (BL) for your operations?

I tend to favor a more conservative approach, properly mitigating my risks so I can sleep well at night and will hardly let my borrow limit surpass 50% (HF=2), ideally keeping it at around 33% (HF=3).

A 100% BL would mean liquidation of 50% of my collateral.

I have seen people going with up to 89%, which I find extremely risky, but it will also depend on what type of collateral you are using and what kind of assets you are borrowing.

So, I want to hear from you. What is your usual strategy here?

## 2 signals that a memecoin is a rug pull created to get your money
- @finbold
✍️ https://t.co/mlAtzlvseV

The memecoin mania is back to the cryptocurrency market with even more euphoria, more efficient tools to give traders an edge, and more elaborated scams, or rug pulls, created to extract liquidity and get people’s money.

In this context, a self-proclaimed “professional rugger puller” posted two signals memecoin traders should watch to spot and avoid grifters.

A rug pull in crypto happens when a project or token is created without a long-term goal. Instead, its goal is to attract easy liquidity, get people’s money, and exit for the next scheme.

This whole "AI memecoin creator + AI KOL shilling" story (and how the crypto community is embracing it) is the perfect demonstration of a Brazilian's popular saying, roughly translated as:

"Every day, a grifter and a fool leave home.
When they meet, business happens."

ffs guys