Ripple Co-Founder’s Wallet Shocks Market: $175M XRP Dump Triggers 14% Price Plunge

Whale alert: A single wallet tied to a Ripple co-founder just sent shockwaves through the crypto market.

The massive transfer—$175 million worth of XRP dumped onto exchanges—sparked instant panic selling. Traders scrambled as prices cratered 14% in hours, proving once again that 'decentralized' coins still dance to their founders' whims.

Timing is everything: This move comes as Ripple battles regulators and the broader market shows fatigue. Was this strategic liquidity provision or an old-fashioned cash grab? Either way, the 'banker's crypto' just gave its holders a brutal reminder of who holds the strings.

Bonus jab: Nothing says 'healthy market' like double-digit drops from a single wallet—but hey, at least the blockchain's transparent about its rug pulls.