XRP Pump and Dump Alert!
by Gregg Prescott, M.S.
Founder, Webmaster, & Editor, In5D.com
XRP Pump and Dump Alert!
The XRP crypto market is currently experiencing MASSIVE sell-offs from its biggest holders, called “whales.” This has raised serious red flags about suspected price manipulation in the cryptocurrency market.
Unlike traditional financial markets, cryptocurrencies lack strong regulation, allowing top holders to make moves that significantly impact prices. This leaves smaller investors vulnerable to sudden drops.
How Market Manipulation Works
In a typical cryptocurrency manipulation scenario, the following would occur:
Pumping for Hype: Top holders would use social media or other platforms to encourage the public to buy a specific cryptocurrency, increasing its demand. As public interest grows, so does the asset’s price.
Dumping for Profit: Once the price has risen due to the surge in demand, these major holders would sell off large amounts of their holdings in bulk. This sell-off can cause a sudden drop in price, allowing them to lock in substantial profits from the artificially inflated price.
This is known as a “pump and dump,” and it benefits major holders but can cause losses for smaller investors.
Here are some of XRP’s Top 100 Pump and Dumpers:
Without regulation, these tactics are more common in cryptocurrency, so small investors should not necessarily buy into ANY crypto hype without fully researching it beforehand.
Will XRP Recover and Bounce Back?
Most likely, yes, but knowing that this type of collusion has already happened means it could happen again and again at the expense of smaller XRP holders.
This Writer’s OPINION
In this writer’s opinion, Baby Doge Coin (BabyDoge) crypto seems to have the type of foundation you would want to see in a successful cryptocurrency. For example, you want a crypto that has:
- Strong Community Involvement
- Transparency and Responsiveness from Developers
- High Holder Count and Accessibility
- Unique or Engaging Branding and Marketing
- Limited Supply or Token Burn Mechanisms
- Support for Charitable or Real-World Causes
BabyDoge is currently just outside the Top 100 cryptocurrencies on CoinMarketCap with a market cap around $500 million ever day. with 1,867,496 holders, which emphasizes its massive community.
BabyDoge was recently listed by Binance and has been hinting at being added by other major exchanges, such as CoinBase, Kraken, RobinHood and Gemini. Crypto currencies tend to skyrocket after being listed on major exchanges.
NOTE: This is not financial advice.
A Lesson on Fiat Currencies
The United States fiat dollar and the Federal Reserve are on the verge of collapse. Previous fiat currencies that collapsed include:
- German Papiermark
- Zimbabwean Dollar
- Hungarian Pengő
- Yugoslav Dinar
- Venezuelan Bolívar
- Soviet Ruble
- Brazilian Cruzeiro
- Argentine Peso
- Italian Lira
- Iraqi Dinar
- Czechoslovak Koruna
Why do Fiat Currencies Always Seem to Fail?
Gregg
Click here for more articles by Gregg Prescott!
Gregg Prescott, M.S., is the founder and editor of In5D and Zentasia. In 2009, Gregg launched In5D after experiencing what he describes as a “galactic download,” which provided him with the name “In5D” and the guidance to create the website. He co-owns In5D Club with his beautiful wife, Ali. His In5D Facebook page has over 370,000 followers, and his In5D YouTube channel has amassed 146,000 followers. Gregg is a visionary, author, a transformational speaker, and promotes spiritual, metaphysical and esoteric conferences in the United States through In5dEvents. Follow Gregg and In5D on various social media platforms, including Rumble, YouTube, Gab, Telegram, In5D Bitchute, Instagram, TikTok, Twitter, and TruthSocial to stay updated on his latest content and events.
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