Amidst the ongoing volatility, Ripple’s CEO, Brad Garlinghouse, seized the opportunity to warn XRP investors about a growing number of scammers impersonating the team with various offers.
Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family on YouTube and impersonating Ripple’s official account! We will keep reporting these – please do the same.
There are numerous ways in which scammers attempt to extract value from their victims, but in general, it involves some offer that sounds too good to be true.
As a rule of thumb, official teams behind legitimate crypto projects will rarely reach out to you or conduct a spontaneous airdrop or any promotions outside of their official channels without any prior notice. Keep this in mind and always make sure to verify the source of information, and remember – if it’s too good to be true, it’s either not too good or it’s simply not true.
Massive XRPL Achievement Unlocked
Last but not least for this recap, the XRPL – Ripple’s blockchain powered by XRP – saw its wallet count reach 7.2 million, which showed the strongest user growth since late 2024.
Data from CryptoQuant revealed that there has been a steady growth in wallet creation since the middle of last year.
This increase tends to reflect stronger user participation, as well as rising interest in the network. But there’s more to the story. Even though the total count of new wallets is growing, its pace is slowing down, suggesting lower market entry. While not necessarily immediately concerning, this could be indicative of a weakening upward momentum.