Veteran Investor Places $1M Limit Order to Buy 1,000,000 XRP at $1 Amid Flash-Crash Warnings
A well-known longtime Bitcoin investor, Pumpius, revealed on X that he has placed deep limit orders to buy 1,000,000 XRP at $1 each (a $1 million position) following warnings from PhoenixReborn about an imminent XRP flash crash. The alert sparked debate; commentator Dr. John questioned the tone of the warning. At press time XRP trades around $2.04 (down ~2% day, ~6.3% week). The article recalls XRP’s October 10, 2025 flash crash from $2.83 to $1.25 (a 56% drop) and near-immediate rebound to $2.45, during which traders with deep buy orders captured large gains. Concerns are elevated by trader Peter Brandt’s call that Bitcoin corrections historically reach 74–86%, which could ripple into altcoins and trigger violent dips. Other notable accumulators include Dave Portnoy, who reportedly bought $1M of XRP in a downturn. Analysts say a dip to $1 is possible in a bear market, but no flash crash has occurred yet. The piece frames Pumpius’s $1-per-XRP buy order as positioning to capitalize on a rapid, temporary collapse similar to October’s event. (Informational — not financial advice.)
Neutral
The market impact is classified as neutral because the story describes positioning and warnings rather than an actual market-moving event. Key points: a prominent investor has placed large buy limit orders at $1 XRP, and a commentator warned of an imminent flash crash, but no crash occurred and XRP remains around $2.04. Historical precedent (the Oct 10, 2025 56% flash crash and quick rebound) shows such events can produce sharp intraday volatility that rewards pre-placed limit orders; that raises short-term volatility risk for XRP and correlated altcoins. Simultaneously, large buy orders and publicized accumulation by figures like Pumpius and Dave Portnoy can support price floors and buying interest, mitigating downside. Peter Brandt’s warning about deep BTC corrections increases systemic risk — if Bitcoin drops substantially (historically 74–86% during cycle corrections), altcoins including XRP could suffer amplified declines. Short-term effect: heightened volatility and trading opportunities for intraday and swing traders; limit-order strategies may reap outsized gains if a flash crash occurs. Long-term effect: unless macro catalysts materialize (major BTC collapse or regulatory shock), this is unlikely to change XRP’s structural outlook; publicized accumulation could provide marginal support. Overall, news fuels trader attention and potential short-term volume spikes but does not by itself create directional momentum across the market.