1 Key Insider Is Supposedly Dumping XRP. Should You Be Buying It?

When a crypto whale's wallet starts moving a lot of coins, the reflex is to assume someone knows something you don't -- and that kind of hunch can develop into a bad feeling very quickly. Just such a situation is developing for many investors in XRP (CRYPTO: XRP), which, as a reminder, is issued by a company called Ripple.On Oct. 20, a wallet linked to Ripple co-founder Chris Larsen sold around 50 million XRP worth approximately $120 million, leading many crypto watchers to fret about the implications of key insiders potentially exiting the coin. Is XRP still worth buying in light of this move, or is Larsen's sale a harbinger of hard times ahead?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool