On-chain investigator ZachXBT has reignited debate within the crypto group after branding XRP and several other different main tokens as “exit liquidity” for insiders.
In a submit on X (previously Twitter) on August 28, ZachXBT wrote:
“Ripple holders present nothing of worth to the trade besides exit liquidity for insiders, thus are usually not price supporting.”
He added that the identical applies to Cardano (ADA), Pulsechain, and Hedera (HBAR).
The remark instantly sparked reactions from merchants and group figures, with some mocking the cruel criticism and others agreeing that sure altcoins have did not ship significant adoption regardless of massive market capitalizations.
XRP value motion
The timing of the remarks comes as XRP has been trying a rebound, gaining 3.2% over the past 24 hours however nonetheless down 7.5% over the previous month. The token just lately noticed renewed consideration after CME XRP futures smashed $1 billion in open interest, fueling hypothesis over future ETF approval.
ZachXBT’s remarks have proven the divide between crypto communities defending long-term utility and critics who see large-cap tokens as primarily speculative belongings propping up insiders.
Whether or not the “exit liquidity” label sticks might depend upon upcoming regulatory developments and the success, or lack thereof, of enterprise adoption within the coming months.
