About ingenious ways to crash the cryptocurrency market without resorting to shorts or hacking attacks. All you need is to be Chris Larsen and have 175 million dollars in XRP. It's simple. There you have the magic of decentralization!
When a whale decides to 'move a little'...
You, a co-founder of Ripple, and you have a little extra — let's say, 175 million dollars in XRP tokens. What do you do?
Of course, transfer them to exchanges. All at once. And please, don't forget to do it carefully, after the price reached $3.60 - at the peak, to make it as painful as possible for everyone.
The market, of course, reacted moderately. That is, as usual - with panic, hysteria, and a minus 13.5% over the week. XRP, which a minute ago was the 'next big thing,' is now lying around $3 and dreaming of just being left alone.
93% in profit? How about 'sell everything and live peacefully'?
Almost forgot, 93.24% of the total XRP supply is in profit. It's like if every car in the casino parking lot had a new Porsche, and everyone was already reaching for the 'sell' button. Because, as history shows, if you're in profit, it's better to take the money and run before the token remembers that it is actually an altcoin.
Glassnode analysts are also not holding back: 'If you bought XRP in the last 3 months, congratulations! You are in profit. But you are not alone. Sell while there is someone to sell to.'
Will the $3 level hold, or are we heading underground?
$3 is not just a number. It's a fortress. It's a bastion. It's the last hope for XRP to stay above the line of decency. Because if we break through, the next stop is $2.80, then possibly $2.30. And from there, it’s not far from jokes about 'XRP back to $0.30.'
Meanwhile, while ETH and BNB dance to the fanfare of a bull market, XRP stands in the corner with a sign saying 'Can I grow too?' and gets hit on the head every time one of the insiders decides to 'take a little profit.'
And finally...
Don't panic. Panic is the domain of the weak. Just sell before everyone else does.
Watch out for whales. One transfer from Larsen crashed the market. What's next? Will Brad Garlinghouse sponsor a crash to $1?
Hope this is all a marketing campaign. Like 'We crashed the price to buy even more. Tactical dump.'
