tldr; Blockchain investigator ZachXBT criticized XRP holders, labeling them as ‚exit liquidity‘ for Ripple insiders, sparking debate in the crypto community. He argued that XRP and similar tokens like Cardano and Hedera provide no value to the industry, citing concerns over XRP’s supply concentration among insiders and Ripple’s control over the token. While some agreed with his assessment, others, including XRP loyalists, expressed disappointment. Despite the controversy, XRP has seen a 4.4% price increase over the past week.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
HypnoticMango on
A lot of people on this sub need to hear this.
cryptolipto on
It’s true
williaminla on
lol. If you didn’t know this, you’ve been living under a rock. Founders have been jeeting for years
shadowmage666 on
He sounds like an idiot tbh
[deleted] on
[deleted]
Slajso on
RemindMe! 3 Years
TheKingPancake on
My gains the past year don’t care about ZachXBT’s opinion
ShittingOutPosts on
XRP was pre-mined. Why is this a surprise to anyone?
jejejajajojo on
deep inside their minds. all xrp holders know that but they did not want someone „big“ to say out loud.
garlinghouse is sending his thanks for making him billionaire
thistimelineisweird on
…and BTC investors are exit liquidity for early buyers and miners. No one cares.
Unless you’re actively supporting a network where tokens are issued to you as a reward ala POW/POS, you’re someone else’s exit liquidity.
And most major projects are currently held at scale by the people who created it, those who are heavily involved now (a la miners), or wealthy 3rd parties (like Saylor).
Its almost like if you don’t understand this, and the corresponding risks, you should just stay out of crypto entirely.
analyticnomad1 on
wait until he discovers Tezos
Mechanik_J on
oof.
2D-Peasant on
Any team allocation over %1 is a red flag
Even %1 is outrageous if your goal was to setup a solution in finance
S0l1DTvirusSnak3 on
He’s only saying that so he can have them exit and buy there bags
BenniBoom707 on
Duh.
Lega17 on
RemindMe! 3 Years
Lega17 on
RemindMe! 5 years
tangcity on
Yes. I found this out when XRP was 30 cents. I didn’t buy a single dime. That has worked out so well for me.
71Novaguy on
Wait until ZachXBT figures out how stocks work, or taxes, or really inherently anything in our trillionaire capitalist technocracy. No shit every single thing you do every day made someone money. Unless you are apart of a non-contacted jungle tribe.
DreCian5257 on
It’s funny how XRP is the scam when they did all the heavy lifting for legal clarity regarding crypto. Bitcoin and Ethereum just got a free pass from prosecution from corrupt people in government, the very people who sprung the lawsuit on Ripple. Bitcoin maxis have some gull now that its above $100k, what happened to being the anti government coin? XRP at least never pretended or was never marketed as anything but a centralize banking coin.
The hypocrisy is crazy and the tribalism for maxis is such a joke (or completely funded propaganda). Largest owner of Bitcoin now is Blackrock… second to that is Microstrategy.. Bitcoin is already in the hands of centralized power, is up to them what the price of bitcoin will be moving forward. We don’t care about the fundamentals really as long as the price is up right?
XRP is exit liquidity lol just Sunday an ancient wallet sold $2.5 Billion dollars worth of Bitcoin on the open market, pure market manipulation, no coin is safe from ‚jeets‘ – BTC maxis happy they have Big Banks and Hedge Funds buying up that dump now?
We all just here for profits, anyone who says otherwise is just a shameless shill. If you couldn’t profit off Bitcoin, Ethereum, or XRP so far and now you hate one or the other that’s a you problem.
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He talks about cardano too, whats wrong with it?
He ain’t wrong, biggest retail trap!
tldr; Blockchain investigator ZachXBT criticized XRP holders, labeling them as ‚exit liquidity‘ for Ripple insiders, sparking debate in the crypto community. He argued that XRP and similar tokens like Cardano and Hedera provide no value to the industry, citing concerns over XRP’s supply concentration among insiders and Ripple’s control over the token. While some agreed with his assessment, others, including XRP loyalists, expressed disappointment. Despite the controversy, XRP has seen a 4.4% price increase over the past week.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A lot of people on this sub need to hear this.
It’s true
lol. If you didn’t know this, you’ve been living under a rock. Founders have been jeeting for years
He sounds like an idiot tbh
[deleted]
RemindMe! 3 Years
My gains the past year don’t care about ZachXBT’s opinion
XRP was pre-mined. Why is this a surprise to anyone?
deep inside their minds. all xrp holders know that but they did not want someone „big“ to say out loud.
garlinghouse is sending his thanks for making him billionaire
…and BTC investors are exit liquidity for early buyers and miners. No one cares.
Unless you’re actively supporting a network where tokens are issued to you as a reward ala POW/POS, you’re someone else’s exit liquidity.
And most major projects are currently held at scale by the people who created it, those who are heavily involved now (a la miners), or wealthy 3rd parties (like Saylor).
Its almost like if you don’t understand this, and the corresponding risks, you should just stay out of crypto entirely.
wait until he discovers Tezos
oof.
Any team allocation over %1 is a red flag
Even %1 is outrageous if your goal was to setup a solution in finance
He’s only saying that so he can have them exit and buy there bags
Duh.
RemindMe! 3 Years
RemindMe! 5 years
Yes. I found this out when XRP was 30 cents. I didn’t buy a single dime. That has worked out so well for me.
Wait until ZachXBT figures out how stocks work, or taxes, or really inherently anything in our trillionaire capitalist technocracy. No shit every single thing you do every day made someone money. Unless you are apart of a non-contacted jungle tribe.
It’s funny how XRP is the scam when they did all the heavy lifting for legal clarity regarding crypto. Bitcoin and Ethereum just got a free pass from prosecution from corrupt people in government, the very people who sprung the lawsuit on Ripple. Bitcoin maxis have some gull now that its above $100k, what happened to being the anti government coin? XRP at least never pretended or was never marketed as anything but a centralize banking coin.
The hypocrisy is crazy and the tribalism for maxis is such a joke (or completely funded propaganda). Largest owner of Bitcoin now is Blackrock… second to that is Microstrategy.. Bitcoin is already in the hands of centralized power, is up to them what the price of bitcoin will be moving forward. We don’t care about the fundamentals really as long as the price is up right?
XRP is exit liquidity lol just Sunday an ancient wallet sold $2.5 Billion dollars worth of Bitcoin on the open market, pure market manipulation, no coin is safe from ‚jeets‘ – BTC maxis happy they have Big Banks and Hedge Funds buying up that dump now?
We all just here for profits, anyone who says otherwise is just a shameless shill. If you couldn’t profit off Bitcoin, Ethereum, or XRP so far and now you hate one or the other that’s a you problem.