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[UPD] #XRPArmy Marching Along Twitter – Ripple Waiting to Sell Lion Share of XRP When Price Skyrockets: Research

  • Yuri Molchan
    📰 News

    ⚙️💡👀XRP bots keep inflating Twitter, recruiting new XRP investors and expanding the XRP community in order to pump its price. New data reveals that part of this is just rumours.


[UPD] #XRPArmy Marching Along Twitter – Ripple Waiting to Sell Lion Share of XRP When Price Skyrockets: Research
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On March 20, U.Today released a news article regarding the so-called ‘XRP Army’ operating in Twitter. Based on opinions of a crypto researcher Geoff Golberg, the news story discussed an unconfirmed theory that Ripple has created a pyramid scheme for promoting its XRP token.

The XRP conspiracy

The strategy included pumping the price of the XRP token and gaining as many investors and supporters as possible.

For this particular purpose, the theory goes, Ripple, having taken a great distance between itself and the XRP coin, has launched an XRP Army (#XRPArmy as it is referred to on Twitter).


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Data not confirmed

Due to the various sources used in the article along with some of Golberg’s tweets, the conclusion was offered that top Ripple executives are waiting for XRP to reach an ATH of $10 and then sell the stack of XRP belonging to them (around 60 percent).

However, when U.Today reached out to Mr Golberg for a comment, he did not confirm this data.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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