Add as a preferred source on GoogleEGRAG CRYPTO Gives Manipulation a 50% Chance of Explaining XRP’s Drop
His subjective breakdown put leveraged liquidations and weak buying demand at 30%, and potential early-holder selling at 20%. U.S. spot XRP ETFs separately saw $18.04 million in net outflows over two consecutive tradi…
EGRAG CRYPTO assigned a 50% probability to market manipulation as an explanation for XRP’s decline since Nov. 4, describing his breakdown as subjective and not a proven account of the move.
His comparison put XRP down 23.4% from Nov. 4 through Nov. 10, versus 18.2% for Ether (ETH), 17% for Solana (SOL) and 10.4% for Bitcoin (BTC).
The other parts of his assessment were 30% for leveraged long liquidations and weak buying demand, and 20% for potential selling by early holders, including shifts into other assets. EGRAG described the manipulation scenario as “a deliberate liquidity hunt to shake out weak hands.”
Separately, U.S. spot XRP exchange-traded funds (ETFs) recorded $10.42 million in net outflows on Nov. 9 and $7.62 million on Nov. 10, totaling $18.04 million across two consecutive trading sessions.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.