Onchain Sleuth ZachXBT Claims XRP Holders Are Exit Liquidity, and Provide No Value to the Industry

Blockchain investigator ZachXBT has criticized XRP and its holders, claiming they provide nothing of value to the broader crypto ￰4￱ a recent disclosure, the on-chain sleuth confirmed that he does not provide support to the XRP community and even revealed he will mock anyone from the community who reaches out to him for ￰5￱ Says XRP Holders Bring No Value to the IndustryWhen asked why he takes such a hard stance, Zach claimed that XRP investors, which he called "Ripple holders," bring nothing of value to the ￰6￱ argued that their only role is to provide insiders with exit liquidity and placed XRP in the same category as Cardano, Pulsechain, and ￰7￱ to Zach, none of these chains create meaningful contributions worth ￰8￱ Takes Aim at XRP ZachXBT Takes Aim at XRP Meanwhile, responding to questions earlier this month about why everyone in the broader crypto community seems to hate XRP, Zach presented some reasons that bordered on supply distribution and "bad mechanics." ￰0￱ pointed to insiders holding large amounts of supply, marketing strategies that he said misrepresent paid partnerships as real adoption, the loss of early XRPL blocks , weak mechanics, and the lack of strong analytics tools for the network.

Zach's Consistent XRP CriticismsNotably, this is not the first time Zach has gone after ￰9￱ the years, he has repeatedly claimed that holders serve only as exit liquidity for Ripple's ￰10￱ in March, he argued that one of the best ways to judge a chain's legitimacy was by checking how many native stablecoins major issuers like Circle, Tether, or Paxos had deployed on ￰11￱ the time, he pointed out that both Cardano and XRP had none.￰1￱ three months later, in June, Circle launched USDC on the XRP ￰12￱ explained that businesses, exchanges, and developers could now use USDC across a wide range of financial services on XRPL. Nonetheless, Zach has maintained his ￰13￱ these developments, he remains one of the most visible voices around ￰14￱ January 2024, he was the first to draw attention to the $112.5 million hack that drained XRP from Ripple co-founder and chairman Chris Larsen's ￰15￱ ReactionsMeanwhile, Zach's latest remarks have triggered mixed reactions from within the XRP community.

Eri, a prominent voice among XRP supporters, called the situation a real shame. ￰2￱ said Zach had built his reputation as a trusted on-chain investigator who helped track down bad ￰16￱ added that he had worked closely with Ripple through TRM Labs, which had only recently praised him ￰17￱ urged him to reconsider his stance, stressing that many still respect his work. Meanwhile, Vet, an XRPL dUNL validator, pointed out that the XRP community continues to face criticism from all angles: first from Bitcoin maximalists, then from Chainlink supporters, and now from ￰18￱ suggested that the community should embrace the scrutiny.￰3￱ Eminence CTO Daniel Keller argued that the uproar over Zach's decision not to help further was another case of unnecessary XRP ￰19￱ said people who neither pay for nor contribute to a service should not complain when someone refuses to continue offering ￰20￱ called the situation peak ￰21￱ community member disagreed with this stance, saying the backlash had little to do with Zach stepping away and more to do with him implying XRP itself was worthless.