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In a video published Thursday, the commentator of Crypto Zach Rector dismantled a viral complaint—Popularized by the influencer Jake Clover – that the XRP tokens secretly change hands for $ 100,000 each inside the clandestine “dark pools”. Rector’s refutation aims to calm new arrivals frightened by rumor and refocus the discussion on the mechanics of the verifiable market rather than on the accounts for the suppression of conspiracy prices.
XRP OTC transactions are not market manipulation
Rector opens the broadcast By calling the thesis “a new cycle of disinformation and fud”, stressing that “the institutions are [not] I will get XRP at $ 100,000 on the large private book. This does not happen. He explains that what social-media accounts are now lastic the “dark pools” are simply Overwhelming offices (OTC)—Private of bilateral places that major holders have used for decades in stocks, foreign currency and, more recently, digital assets.
“This is nothing new or specific to XRP,” he said, adding that Ripple Labs has unloaded part of his treasure via OTC since 2019 without depressing the market price open. Indeed, XRP has “pumped a lot since November”, notes the rector, even if Ripple has distributed a new diet with institutional counterparts.
A large part of the allegation of Clover depends on the idea that a private separate version of the XRP Ledger (XRPL) has its own price – orders of magnitude above the public market. The rector calls for this notion a fundamental misunderstanding of the operation of Ripple’s business tools.
Central or government bank pilots often require “private books where they can keep messaging and transactions hidden at the sight of the public”, he admits, but these environments are authorized staff or wrapped derivatives. “XRP only exists on the large XRP book that we all use […]. Your XRP can never leave the big XRP book, “he said. If the testers wanted to model a six -digit price for stress testing, “it is not the real XRP, never would be. »»
To underline the point, the rector quotes Ripple Chief Technology, David Schwartz, who “has already tackled this” and said that “there are not two XRP prices”. The rector also invokes examples of other channels focused on the company – the deployment of “metagraph” of the Ministry of Defense of the Department of Defense of the Department of Constellation – to show that the confidentiality partitions are a standard practice, and not evidence of hidden liquidity during surrealist assessments.
OTC buyers get a discount
While some retail traders fear that Wall Street with pleasure an astronomical bonus in camera, rector maintains that the economy is reversed: “Why would an institution pay $ 10,000 per XRP on the big private book […] When it is available on the public market for $ 2? »Overwhelming offices exist precisely so that whales can accumulate“ without moving the market ”, not too much to pay.
In fact, history shows that Ripple has often given institutional partners a discount, not an increase – something revealed in the discovery during the dry vs. Trial against undulation. Rector reminds viewers that Ripple’s data set includes “more than 1,700 NDAS” and that R3 has once negotiated an option to buy five billion XRP “for a sub-penny” over three years, ultimately contenting itself with a single billion when the wider partnership moved. None of these figures approaches the six -digit fantasy.
At the time of the press, XRP exchanged $ 2.21.
Star image created with dall.e, tradingView.com graphic
