Logan Paul’s $16.49M Pokemon card sale sparks critisism
Ripple CTO Emeritus and XRPL architect David Schwartz explains why Logan Paul’s $16.5 million Pokémon card sale was unfair.
- Rug pull? David Schwartz criticized Logan Paul deal, who offered a PSA 10 Pikachu Illustrator card for $16.49 million at Goldin, arguing it concentrated upside with the sponsor whereas distributing draw back danger to retail contributors.
Logan Paul’s $16.49 million sale of the PSA 10 Pikachu Illustrator card at Goldin in February 2026 set a public public sale document, however the transaction has triggered authorized threats from fractional buyers.
Ripple CTO Emeritus David Schwartz criticized the deal’s construction, arguing that it concentrated upside with the sponsor whereas distributing draw back danger to retail contributors.
The entire controversy began with Liquid Market, a collectibles platform that Paul cofounded. It lets customers purchase fractional pursuits in high-value belongings. Traders are actually saying that, after the reported $16.5 million sale, they don’t seem to be getting a justifiable share of the income.
- Purchase again. A clause reportedly allowed Paul to purchase again fractional shares at their unique worth earlier than reselling the asset.
The dispute is all a few clause that apparently let Paul purchase again shares at their unique worth earlier than promoting them on once more.
Supporters of the construction say that the phrases of the contract have been made clear and that the buyback provision defines the financial limits of participation. Critics counter that this could create imbalance, particularly when the valuation goes up rather a lot after fractionalization.
Dogecoin logs 12,928% liquidation imbalance as worth slips under $0.10
DOGE futures market sees a singular shift.
- Bulls liquidated. Dogecoin recorded a large 12,928% liquidation imbalance.
Dogecoin has recorded a large liquidation imbalance in a single hour because the meme coin’s worth resets. As per ConGlass knowledge, Dogecoin lengthy place merchants suffered a 12,928% liquidation imbalance as the worth declined by over 2.7% within the final 24 hours.
Dogecoin has been on a downward spiral within the final 30 days, plunging by 28.02%. The lack of momentum has lingered for some time, however some bullish merchants anticipated a reversal was on the horizon. These long-position merchants wager on the meme coin’s worth to witness an uptick.
- Beneath $0.10. Worth fell from a day by day excessive of $0.103 to $0.09862.
Nonetheless, this didn’t materialize, wiping out $304,860 within the final 60 minutes. Dogecoin has seen its worth drop from a day by day excessive of $0.103 to a low of $0.09862. DOGE has as soon as once more slipped under the crucial $0.10 stage, dropping the positive factors made in latest days.
Brief merchants weren’t spared as they have been cleaned of a complete of $2,304. That is as a result of sharp drop that caught short-position merchants unawares.
XRP community exercise slumps as burn fee drops 75%
The quantity of XRP burned as charges continues to say no as community actions decelerate amid the extended volatility seen throughout the broad crypto market.
- Low exercise. XRP continues to battle following a latest crash that pushed it towards multiyear lows.
XRP continues to be struggling to get well from the latest worth crash that noticed it retest multiyear lows. Amid this regular worth drop, XRP has seen its community exercise continues to say no.
Though the crypto market noticed a light resurgence that witnessed XRP document a notable day by day worth surge as of Feb. 15, its community actions confirmed no enchancment as the quantity of XRP burned as charges on the identical day had plunged massively to 126 XRP.
- Down 75%. The decline in community efficiency aligns with persistent bearish sentiment throughout the broader crypto market.
Whereas the asset noticed about 519 XRP burned as charges in the day before today, the large discount seen the next day included the XRP burn fee declining by a large 75% in simply 24 hours, in response to knowledge offered by XRPSCAN.
The huge crash in XRP community efficiency has been largely fueled by the bearish sentiment looming throughout the crypto market because the latest volatility started just a few weeks in the past.
Whereas the worth of belongings has typically remained in purple territory, buyers’ confidence is starting to develop weak, and lots of merchants are starting to maneuver with warning.
