Crypto analyst Dark Defender has recently revisited a significant XRP transaction from December 9, 2020. The tweet focused on former Ripple co-founder Jed McCaleb , who moved 266,305,309 XRP, valued at approximately $148 million at the time, from the Jed McCaleb Settlement account to his wallet. This transaction was originally flagged and reported by Whale Alert, a well-known blockchain tracking account. In his post , Dark Defender highlighted that the event, which some at the time viewed as potentially bearish due to its size, had no significant long-term impact on the performance or price structure of XRP. Dark Defender emphasized that if McCaleb had retained that amount of XRP instead of selling, it would be worth approximately $940 million today, based on recent market valuations. This historical reflection served as a central argument in his broader point about market resilience. Contextualizing the Chris Larsen Reference The post by Dark Defender was partly prompted by renewed discussion surrounding a Ripple co-founder, Chris Larsen. Recent reports indicated that Larsen had sold XRP worth $175 million. Dark Defender drew a parallel between that sale and McCaleb’s 2020 activity, but stressed that McCaleb’s large sale had not undermined XRP’s longer-term performance. He concluded that there was no reason for concern regarding large token movements by major early holders, using the 2020 event as a reference point. I saw people talking about the news that Chris Larsen sold his XRP for $175 million. This reminded me that Jed McCaleb, who sold his 266M XRP for $148 million on 9-Dec-2020 If Jed had not done that, he would have had around USD 940 million in his pocket now. This means XRP… pic.twitter.com/NBeJZvdKwy — Dark Defender (@DefendDark) July 25, 2025 Dark Defender’s analysis was based on the observation that the XRP market, both in terms of liquidity and structural strength, appeared unaffected by what was then considered one of the largest individual XRP sales. The implication was that fears related to the influence of whale movements, particularly from Ripple-affiliated entities or individuals, may be overstated. Reactions from the XRP Community The post attracted responses from other users within the XRP community. One user, under the handle Joeplatform, contended that the 2020 transaction was merely a transfer and not a confirmed sale. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This assertion appears to be directed at the tweet by Whale Alert, which explicitly labeled the movement as a transfer from a settlement account to a personal wallet. However, Dark Defender maintained that the funds were subsequently sold, consistent with historical patterns in McCaleb’s account activity during that period. Another user, BeethovenEcho, characterized the situation as a demonstration of XRP’s resilience. They noted that despite the substantial volume involved in the McCaleb sale, there was no major disruption in market price or structure. This, they suggested, reinforced the idea that XRP’s price behavior is influenced by broader market factors rather than isolated large transactions. Dark Defender’s Conclusion Dark Defender concluded that the fears surrounding major XRP sales, particularly from early figures like Jed McCaleb or Chris Larsen , are largely unfounded. By referencing an actual historical event and juxtaposing it with current sentiment, he aimed to reassure the community about the robustness of XRP in the face of perceived selling pressure. While some users disagreed with the exact nature of the transaction in question, the core point raised by Dark Defender—that the market did not react with sustained negative movement following the 266 million XRP transfer—stood uncontested. The analyst used this example to argue that the XRP ecosystem has matured in such a way that it can absorb major asset movements without structural instability. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Didn’t Care About Jed McCaleb and Chris Larsen’s Massive Dumps appeared first on Times Tabloid .
