Recent claims from the XRP community raise questions about institutional involvement in the digital asset market. Allegations of manipulation by major banks are discussed.
Allegations of Manipulation by Banks
According to crypto commentator Pumpius, major banks are allegedly using public narratives to acquire XRP at discounted prices, anticipating a potential price increase. He notes that labeling Ripple's bank charter as 'risky' or 'unclear' is a strategy to undermine retail investor confidence.
Retail Investors' Reaction to Volatility
As the market experiences high volatility, large investors, or 'whales,' utilize fear and uncertainty to create opportunities to purchase significant amounts of XRP. Many retail investors panic and exit their positions too early, allowing institutions to accumulate the asset at lower prices.
Observations on XRP Accumulation
Pumpius also claims that the 'smart' market participants are not selling their assets during uncertainty, but are instead increasing their XRP holdings. This indicates a strong belief in Ripple's future, and small investors may miss the chance to re-enter the market once the price begins to rise.
The discussion continues, and investors are closely watching developments in the XRP market and Ripple's response to regulatory changes.
