Ripple Founders Under Fire: Pundit Threatens Action Over Alleged XRP Dumping

Ripple's leadership faces explosive accusations of systematically dumping XRP holdings—and one prominent voice isn't staying quiet.

Behind the Allegations

A crypto pundit just called out Ripple's founders with concrete threats of legal action, claiming insiders profit while retail investors hold the bag. The timing raises eyebrows—just as regulatory scrutiny heats up.

Market Impact

XRP's price shows volatility patterns that suspiciously align with rumored sell-offs. Critics argue this isn't innovation—it's the same old finance playbook dressed in blockchain clothing.

What's Next?

The pundit vows to escalate matters beyond social media outrage. Legal letters are drafted, regulatory bodies alerted. Ripple hasn't responded—but the community watches, wallets clenched.

Another day, another crypto project treating its token like a personal ATM. Some things never change—even on the blockchain.

Crypto Pundit Accuses Ripple Executives Of Dumping XRP

In an X post, Bitlord put out a warning, stating that something is not right with the current XRP price. He claimed that the altcoin should be higher, but that the founders, in reference to Ripple executives, are selling. He then questioned what exactly is going on and why these founders are selling. 

He then opined that it is likely that Ripple is unprofitable and is facing too much competition, which is forcing them to offload their XRP holdings. He added that the days of XRP may be over and that he is considering selling everything. Following his warning, an XRP community member, Tim, reminded the pundit about developments such as Ripple’s payment solution, banks’ adoption of XRP, and the XRP ETFs as catalysts that will still spark higher prices. 

The pundit then replied and asked what government would want to use Ripple’s technology when Eric TRUMP is going to compete with it. He also suggested that Banks won’t adopt XRP as they will launch their own payment rails instead of using Ripple’s. Bitlord also doesn’t believe that Ripple’s partnerships benefit XRP. 

In another X post, he revealed that he will be moving a “relatively small portion” of his XRP to exchanges. Bitlord remarked that this is to show Ripple that he is not playing around. The pundit asked them to stop dumping, or he WOULD start dumping himself. He then gave Garlinghouse and Larsen 24 hours to cease dumping. 

Ripple Unlocks 1 Billion XRP From Escrow

Notably, Bitlord’s statement comes amid Ripple’s unlock of 1 billion XRP from escrow. On-chain data shows that the crypto firm then locked 700 million XRP back in escrow, leaving only 300 million coins in circulation from the September escrow unlock. Besides Ripple, there have also been notable whale movements, with investors looking to accumulate the token. 

On-chain data shows that three whales moved 236 million, 230 million, and 257 million XRP to unknown wallets. This is believed to be a MOVE to accumulate more coins amid XRP’s downtrend, since these coins weren’t moved to exchanges, which will indicate a move to sell. It is worth noting that crypto analyst Ali Martinez recently stated that whales have purchased 340 million XRP over the last two weeks, providing a bullish outlook for the altcoin. 

At the time of writing, the xrp price is trading at around $2.79, up over 3% in the last 24 hours, according to data from CoinMarketCap.