ZachXBT Explains Why Ripple Faces User Distrust Despite Recent Legal Wins
- ZachXBT cites insider control over Ripple’s XRP supply as the primary user concern.
- The on-chain investigation highlights misrepresented partnerships and “lost” adoption.
- Ripple now faces criticism despite the SEC settlement and ETF approval prospects.
Blockchain analyst ZachXBT clarified why Ripple is unpopular with most cryptocurrency users despite recent legal victories and market turbulence. In response to discussions that sparked with Ansem’s tweet about Chainlink and Ripple, ZachXBT gave several reasons why users are suspicious of Ripple and the XRP token.
The major concern is on the distribution of XRP, with ZachXBT noting that it is “heavily bundled by insiders.” The token bundling by major firm leaders and early adopters creates continuous selling pressure and does not allow the price to find its natural level.
Partnership Claims and Technical Shortcomings Drive Criticism
ZachXBT flagged false collaboration claims that hyped adoption without delivering real utility. These overblown payment corridor usage claims and banking collaborations generated community distrust over time.
The analyst also mentioned Ripple’s “lost” first-mover advantag…
The post ZachXBT Explains Why Ripple Faces User Distrust Despite Recent Legal Wins appeared first on Coin Edition.
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ZachXBT Explains Why Ripple Faces User Distrust Despite Recent Legal Wins
- ZachXBT cites insider control over Ripple’s XRP supply as the primary user concern.
- The on-chain investigation highlights misrepresented partnerships and “lost” adoption.
- Ripple now faces criticism despite the SEC settlement and ETF approval prospects.
Blockchain analyst ZachXBT clarified why Ripple is unpopular with most cryptocurrency users despite recent legal victories and market turbulence. In response to discussions that sparked with Ansem’s tweet about Chainlink and Ripple, ZachXBT gave several reasons why users are suspicious of Ripple and the XRP token.
The major concern is on the distribution of XRP, with ZachXBT noting that it is “heavily bundled by insiders.” The token bundling by major firm leaders and early adopters creates continuous selling pressure and does not allow the price to find its natural level.
Partnership Claims and Technical Shortcomings Drive Criticism
ZachXBT flagged false collaboration claims that hyped adoption without delivering real utility. These overblown payment corridor usage claims and banking collaborations generated community distrust over time.
The analyst also mentioned Ripple’s “lost” first-mover advantag…
The post ZachXBT Explains Why Ripple Faces User Distrust Despite Recent Legal Wins appeared first on Coin Edition.
Read More