Ripple executives Brad Garlinghouse and Chris Larsen find themselves embroiled in controversy as crypto pundit Bitlord accuses them of dumping XRP, potentially stifling the token’s value. It’s a bold claim that has sent ripples through the cryptocurrency community, igniting debates over the handling of XRP.
Ripple Under Fire
In a fiery post on X, Bitlord didn’t mince words. He accused the Ripple bigwigs of selling off XRP in quantities large enough to suppress its market price—an allegation that has sparked concern among investors and enthusiasts alike. Bitlord’s ultimatum? Cease these actions or face unspecified consequences. It’s a high-stakes game that could have significant implications for Ripple’s standing and XRP’s market dynamics. This comes amidst reports of whales dumping XRP en masse, adding another layer of complexity to the situation.
The accusations come at a time when Ripple is already navigating the murky waters of regulatory scrutiny. The company has been locked in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) over whether XRP should be classified as a security. This ongoing case has been a cloud over XRP’s market performance, and Bitlord’s claims only add fuel to the fire.
Market Reactions and Expert Opinions
The response from the crypto market has been mixed. Some traders have expressed skepticism about the potential impact of these accusations, while others are wary of increased volatility. “If these allegations hold water, it could lead to a crisis of confidence in XRP,” says crypto analyst Jenna Lee. “Investors don’t like uncertainty, and this adds a layer of doubt to an already complex situation.”
Others in the community have echoed this sentiment, noting that the allegations could exacerbate existing market hesitations. “We need transparency from Ripple,” argues blockchain consultant Mark Turner. “Without clarity, investors may start looking elsewhere, which could further impact XRP’s liquidity and price stability.”
However, not everyone is convinced the allegations will have such a dramatic impact. Industry veteran Alex Carter suggests that the accusations might not significantly alter XRP’s trajectory unless concrete evidence emerges. “We’ve seen FUD (fear, uncertainty, and doubt) campaigns before,” he notes. “Without hard proof, the market may eventually shrug this off.” Meanwhile, some experts are advising caution, as detailed in warnings to XRP investors not to sell their tokens in the coming months.
Ripple’s Precarious Position
For Ripple, the stakes are high. The company has been working to expand its cross-border payment solutions, aiming to position XRP as a bridge currency. Yet, these allegations, coupled with ongoing legal challenges, create hurdles that could impede progress.
Historically, Ripple has faced criticism for its large holdings of XRP, raising concerns about centralized control. The company’s token sales have been a contentious issue, with detractors arguing they could destabilize the market. Ripple has countered these claims by asserting that such sales are necessary to fund operations and expand its ecosystem.
The timing of Bitlord’s accusations raises eyebrows. Just months ago, Ripple announced partnerships with several financial institutions to pilot its payment solutions. With these developments in the backdrop, the current situation could either galvanize or undermine Ripple’s strategic goals.
Looking Ahead
The unfolding drama raises several questions about the future of XRP and Ripple. Will these allegations force a change in how Ripple manages its XRP reserves? Could this alter the token’s market perception in the long run? As the community awaits further developments, the answers remain elusive.
For now, the spotlight is on Ripple’s next move. How the company navigates this latest challenge could have ripple effects—pun intended—across the broader crypto landscape. As the cryptocurrency world watches closely, one thing is clear: the coming weeks and months will be crucial in determining the trajectory of both Ripple and XRP.
Source
This article is based on: Is Ripple Dumping XRP? Pundit Calls Out Founders, Threatens To Take Action
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
