The rumors of the #XRPETF 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, planning to launch the world's first XRP spot ETF. As soon as the news broke, XRP surged 28% instantly, causing the entire payment concept coins to take off collectively. But anyone with a discerning eye can see that this is essentially a high-difficulty tightrope walk— the SEC has been reviewing Bitcoin ETFs for ten years, so how could it possibly greenlight XRP, which just finished a lawsuit?
On-chain data revealed more secrets; 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 senior executive at Ripple. Now, what the market is most worried about is not whether the ETF can pass, but the monthly unlocking selling pressure of 1 billion XRP from Ripple—these institutional holdings hang over the market like the sword of Damocles, ready to crush the price back to its original point at any time.
(Bloomberg terminal detected anomalies: XRP options open interest suddenly surged by 500%, but 90% is concentrated at a strike price of $0.75, which just happens to be the exercise cost for Ripple employees...)