The rumors about the $XRP ETF suddenly exploded in the market, and this drama is even more exciting than Ripple's lawsuit against the SEC. Internal documents reveal that a certain Wall Street giant is quietly lobbying the SEC to launch the world's first XRP spot ETF. Once the news broke, XRP soared 28% in an instant, taking the entire payment concept coins along for the ride. But anyone with keen insight can see that this is a high-stakes tightrope walk — the SEC has been reviewing Bitcoin ETFs for ten years, so how could they possibly give the green light to XRP, which just finished a lawsuit?

On-chain data has exposed more shenanigans: 24 hours before the ETF news broke, a mysterious address accumulated 120 million XRP through over-the-counter trading. Even more coincidentally, this address has hidden connections to a wallet controlled by a Ripple executive. Now, what the market is most worried about is not whether the ETF can pass, but rather the monthly unlocking pressure of 1 billion XRP from Ripple — these institutional holdings hang over the market like the sword of Damocles, ready to crash the price back to square one at any moment.

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