The rumors of the $XRP XRP ETF suddenly exploded in the market, and this drama is even more exciting than Ripple's lawsuit against the SEC. Internal documents show that a certain Wall Street giant is quietly lobbying the SEC to launch the world's first XRP spot ETF. As soon as the news broke, XRP surged 28% instantly, and the entire payment concept coins took off collectively. However, keen observers can see that this is essentially a high-difficulty tightrope walk — the SEC has taken ten years to review even the Bitcoin ETF, so how could it possibly give the green light to XRP, which just finished a lawsuit?

On-chain data has revealed more shenanigans; 24 hours before the ETF news broke, a mysterious address accumulated 120 million XRP through over-the-counter trading. Coincidentally, this address has a hidden connection to a wallet controlled by a certain Ripple executive. Now, the biggest concern in the market is not whether the ETF can pass but the monthly unlocking pressure of one billion XRP from Ripple — these institutional holdings are like the sword of Damocles, ready to crash the price back to square one at any moment.

(Bloomberg terminal detected anomalies: XRP options open interest suddenly surged by 500%, but 90% is concentrated at a strike price of $0.75, which happens to be the exact exercise cost for Ripple employees' options...)