Ripple CTO Emeritus Slams Logan Paul; DOGE Sees 12,928% Liquidation Imbalance; XRP Burn Rate Drops 75%
Ripple CTO Emeritus David Schwartz criticized Logan Paul’s $16.49M PSA 10 Pikachu Illustrator sale via Liquid Marketplace, saying the deal concentrated upside for the sponsor while offloading downside risk to fractional retail investors. The sale has prompted legal threats from fractional holders over a buyback clause that allegedly allowed Paul to repurchase fractions at original prices before resale. Meanwhile, Dogecoin experienced an extreme futures-market dislocation: ConGlass reported a 12,928% liquidation imbalance in one hour as DOGE slipped below $0.10, dropping from $0.103 to $0.09862 and wiping out roughly $304,860 of long positions (shorts lost about $2,304). Separately, XRP network activity weakened amid market volatility — the XRP burn (fees destroyed) fell about 75% in 24 hours, from ~519 XRP burned to 126 XRP, signaling much lower on-chain usage. Key points for traders: the Logan Paul dispute raises regulatory and reputational risk around fractionalized NFTs and marketplaces; DOGE’s massive liquidation event highlights high leverage and sensitivity below the $0.10 support; falling XRP burn suggests weakening demand and lower network utility that can pressure price. Primary keywords: Logan Paul, Dogecoin, XRP, liquidation imbalance, NFT fractionalization, burn rate.
Bearish
The combined news points to negative near-term implications for market sentiment and price action. The Logan Paul controversy introduces reputational and legal risk around NFT fractionalization platforms; regulatory scrutiny or litigation can reduce investor appetite for similar products and platforms. Dogecoin’s 12,928% liquidation imbalance demonstrates extreme leverage and vulnerability around the $0.10 level — a sharp deleveraging event that can trigger momentum selling and elevated volatility in the short term. The drop in XRP burn rate (75% decline) signals falling on-chain demand and lower network usage, which historically correlates with weaker price performance if usage-driven demand wanes. Together, these items suggest increased downside pressure: expect short-term elevated volatility and potential further downside for DOGE and XRP until leverage is cleaned up and on-chain activity stabilizes. Longer term, market recovery will depend on resolution of the Logan Paul dispute, reduced leverage in derivatives markets, and renewed on-chain utility for XRP. If legal outcomes favor retail or if platforms adopt clearer protections, sentiment could recover; absent that, persistent regulatory risk and low network activity could keep a dampening effect on prices.