XRPL Validator Claims XRP Price Manipulation with Evidence
Main Idea
An XRPL validator, Grape, claims to have evidence of XRP price manipulation through large, frequent transactions, which may influence market metrics and demand.
Key Points
1. Grape, an XRPL validator, has been tracking large XRP transfers since July 12, noting unusual whale activity that appears too frequent and large for typical retail trading.
2. The validator suggests these large transactions can influence price indexes and market demand, with evidence including XRPL Console screenshots showing flagged volume.
3. Grape is continuing to monitor and log large XRP transactions to expose potential manipulation, though the article includes a disclaimer about financial risks.
Description
Cryptocurrency markets often operate with limited transparency. This makes it difficult to assess whether prices fully reflect genuine supply and demand. Grape (@RealGrapedrop), a validator on the XRP Ledger (XRPL), has recently presented data questioning the authenticity of the asset’s price movements. By running an active validator and analyzing transaction data directly from the ledger, Grape identified patterns of repeated large XRP transfers that suggest potential price manipulation. Tracki...
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