Crypto Pundit Accuses Ripple Execs of Dumping XRP, Issues 24-Hour Ultimatum
Crypto pundit Bitlord has publicly accused Ripple executives Brad Garlinghouse and Chris Larsen of XRP dumping, claiming their sales are suppressing the token’s price. In a series of posts on X, Bitlord warned that Ripple’s alleged XRP dumping suggests unprofitability and mounting competition, and threatened to dump a portion of his own holdings if the founders don’t cease within 24 hours. His ultimatum coincides with Ripple’s recent escrow release of 1 billion XRP and relock of 700 million XRP, leaving 300 million more in circulation. Meanwhile, on-chain data shows major whale accumulation—three wallets moved 236 million, 230 million, and 257 million XRP off exchanges—indicating a bullish outlook despite the downturn. Crypto analyst Ali Martinez also reported whales bought 340 million XRP in the past two weeks. At press time, XRP trades around $2.79, up 3% in 24 hours. This controversy over XRP dumping and whale activity adds new volatility factors for traders to monitor.
Bearish
The allegations of Ripple executives dumping XRP introduce negative sentiment that could trigger short-term sell pressure, making the outlook bearish. Historically, insider dumping rumors—such as Ethereum Foundation ETH sales in 2016—led to immediate price dips. Coupled with the public ultimatum and uncertainty around token supply after escrow releases, traders may reduce long positions to avoid volatility. In the long term, however, ongoing whale accumulation suggests some buyers view the dip as an entry point. Yet until clarity emerges on executive holdings and sales policies, market confidence remains shaky, keeping the near-term trend bearish.