Any insights? please read
Just some thoughts and questions after reading the full 71 pages of the alleged security offering according the SEC (vs RIPPLE)
According the SEC; Larsen as well as Garlinghouse made coordinated efforts to manipulate the market through market makers and their marketing tactics in which they've profited approx 600m personally as well as funded their business RIPPLE with the selling of XRP starting from 2013.
Now my question is why would now the price reach highs of $10? or even $3?
The last ATH was in 2017 / $3.84 in which thereafter the price dropped to $0.17 as we know XRP is not used by banks thus all their partnerships havn't driven the price up. Perhaps interesting to mention that apparently this increase in 2017 was also a manipulated effort according SEC.
Here we are a few hours from the pre-trial, in which I personally do not believe it will get settled as SEC wants Larsen and Garlinghouse permanently restrained and enjoined to stop these practices as well as get rid of all gains made through this strategy that they allegedly played out.
Suddenly the price is pumping, but why? What is driving this price. Is it just another coordinated pump before the huge dump in a couple of hours from now?
Sorry, I don't want to be Debbie Downer, but I just find myself baffled with this coin and was hoping for some insights.
According the SEC; Larsen as well as Garlinghouse made coordinated efforts to manipulate the market through market makers and their marketing tactics in which they've profited approx 600m personally as well as funded their business RIPPLE with the selling of XRP starting from 2013.
Now my question is why would now the price reach highs of $10? or even $3?
The last ATH was in 2017 / $3.84 in which thereafter the price dropped to $0.17 as we know XRP is not used by banks thus all their partnerships havn't driven the price up. Perhaps interesting to mention that apparently this increase in 2017 was also a manipulated effort according SEC.
Here we are a few hours from the pre-trial, in which I personally do not believe it will get settled as SEC wants Larsen and Garlinghouse permanently restrained and enjoined to stop these practices as well as get rid of all gains made through this strategy that they allegedly played out.
Suddenly the price is pumping, but why? What is driving this price. Is it just another coordinated pump before the huge dump in a couple of hours from now?
Sorry, I don't want to be Debbie Downer, but I just find myself baffled with this coin and was hoping for some insights.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.