Is Coinbase Manipulating the XRP Price? Ripple Officials and Experts Respond

A recent controversy in the cryptocurrency world has centered on allegations that Coinbase manipulated XRP ￰0￱ allegations were raised by XRP community activist Stern Drew using the on-chain analysis tool ￰1￱ to Drew's analysis, Coinbase's XRP holdings fell from around 970 million in June to between 260 and 300 million by the end of ￰2￱ the same period, the number of the exchange's XRP wallets also fell from 52 to ￰3￱ claimed that Coinbase sold XRP during periods of low liquidity and distributed it across multiple wallets, coinciding with XRP's failure to break through the $1.20 resistance level at the ￰4￱ also claimed that these transactions were directed to over-the-counter (OTC) desks affiliated with traditional financial institutions, suggesting that the price suppression strategy may have been designed to create opportunities for institutional ￰5￱ News: Controversial Claim from Bloomberg Senior Analyst: "Bitcoin Price Could Lose One Zero" There is currently no official evidence to support these ￰6￱ has not commented on the matter, and there are no investigations or sanctions in the ￰7￱ believe the decline in Coinbase's XRP holdings is largely due to liquidity management and portfolio ￰8￱ trading patterns are also being observed on major exchanges and OTC desks.

“We all know Coinbase doesn't like XRP, but the price movements were similar when it was delisted from Coinbase in the ￰9￱ actual price movements are tied to overall market trends,” said XRP advocate Bill ￰10￱ CTO David Schwartz also rejected allegations of market manipulation, arguing that the XRP price is determined by market uncertainties, regulatory issues, and macroeconomic ￰11￱ that Coinbase is manipulating XRP prices are currently just speculation based on internal community analysis. *This is not investment ￰12￱ Reading: Is Coinbase Manipulating the XRP Price? Ripple Officials and Experts Respond