‘Bank in a Hoodie’: Davinci Jeremie Slams XRP Amid Wave 4 Slump
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Davinci Jeremie brands XRP a "bank in a hoodie", accusing it of fake decentralization, insider perks, pausable exits and running on wrapped IOUs, flagging governance/security and adoption risks in crypto discourse. Analyst CasiTrades says XRP has been in Wave 4 consolidation for ~34 days and assigns ~75% odds of a dip to $0.87 before any breakout, indicating near-term downside risk to token price and market impact.
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- Davinci Jeremie accuses XRP of fake decentralization and running on wrapped IOUs.
- CasiTrades pointed out that XRP has been in Wave 4 consolidation for roughly 34 days.
- The crypto analyst puts the odds of a dip to $0.87 before any breakout at around 75%.
Two XRP-related discussions lit up on X as crypto commentators argued about how decentralized XRP really is and its current price action.
First up was Davinci Jeremie (known online as Davincij15), a longtime supporter of Bitcoin. He called XRP ”a bank wearing a hoodie”, accusing it of fake decentralization, insider perks, pausable exits, and running on wrapped IOUs.
Davinci also stated that Bitcoin has none of these issues.
His argument is a classic Bitcoin-maximalist critique, stating that XRP looks less like a decentralized cryptocurrency and more like a company-run network.
The jab was likely aimed a…
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Coins
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-6.83%Predictions Markets
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