🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
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📖 Day 1 · Quiz (Single Choic
The XRP community questions the exchange's price manipulation, and Ripple executives attribute it to market forces.
[Coin World] A certain exchange is facing allegations from XRP community member Stern Drew, who claims that the exchange deliberately suppressed the price of XRP, reducing its open interest by 70%, and conducted scattered dumping during periods of low liquidity. Drew pointed out that the correlation between the platform's outflow of funds and XRP's failure to break through the 1.20 USD resistance level is 0.87, indicating a connection with institutional buyers. However, there is no regulatory or legal evidence to support these claims, and Ripple's Chief Technology Officer attributes the price movement of XRP to market forces and regulatory uncertainty.