🚨 Alert in the XRP world 🚨
The XRPL validator Grapedrop has sparked controversy after revealing shocking data about large and frequent transactions on the network, moving hundreds of thousands of XRP between exchanges like Bitget and others. 🐋💸
🔍 Using a Python script, it detected massive transfers occurring every few minutes, with figures of up to 146,757 XRP. This has raised suspicion of price manipulation through wash trading, a practice where the same player moves tokens between wallets to artificially inflate volume and price. 📈🤖
⚠️ Although the movement could be just liquidity management or legitimate internal transfers, the pattern and frequency raise red flags in a market where transparency is still limited. This could distort prices and create false signals for bots and traders. 🔄🔺
🔥 Despite these doubts, XRP maintains its position as the third largest cryptocurrency, with a market capitalization of 195 billion USD and a volume of $9.36 billion in the last 24 hours. The price is still far from its all-time high of $3.84 in 2021, but the activity and debate are more alive than ever. 💥📊
