Ripple Co-Founder Moves 50M XRP ($175M) in Bold Play Amid Market Slump
Ripple's co-founder just made waves—dumping 50 million XRP tokens as prices dipped. That's a cool $175 million on the move while retail traders panic-sell.
Timing is everything—or is it insider advantage?
The transfer sparks fresh debates about whale influence in crypto's 'decentralized' theater. Meanwhile, Wall Street still can't decide if XRP is a security or a magic internet bean.
One thing's clear: When giants shuffle coins, the market listens—even if it's just to whisper 'here we go again.'
Price Reaction and Market Sentiment
DigitalG, a popular X user, claimed such actions feed a psychological selloff loop. According to him, this strategy targets retail investors to panic-sell at manipulated price points. Besides, he remained bullish, predicting XRP’s long-term value could reach thousands per token.
XRP price manipulation is a physiological program aimed at persuading retail to sell at certain price points.
Hopefully most will rise above this manipulation and realise the tokens will be one of the most valuable assets on earth, priced in the thousands in the NEAR future. pic.twitter.com/WypxOTty87
Additionally, XRP’s large movements often attract scammers. Ripple CEO Brad Garlinghouse warned users about fake YouTube channels pretending to be Ripple. He urged the community to report scams and stay alert. Ripple also reminded users that they never request XRP or promote giveaways.
Also Read: XRP Drops 11% to $3.10 Despite Nature’s Miracle $20M Investment