How much does it cost to pump a cryptocurrency using XRP as an example?

The network continues to discuss the pump of the XRP cryptocurrency based on the news that a large asset management company, BlackRock, has allegedly filed an application to launch a trust based on the coin - the iShares XRP Trust. It turned out that the scheme, on which some market participants were able to make good money, could cost the organizers only $50

What is known about the XRP pump

On November 13, 2023, information appeared on the network that BlackRock had filed an application to launch a cryptocurrency trust based on XRP. The news provoked an increase in the cryptocurrency rate by more than 16%. A refutation soon appeared. Bloomberg analyst Eric Balchunas, citing sources at BlackRock, wrote that the news is fake. XRP reacted by returning to previous levels.

Representatives of the crypto industry noticed that BlackRock’s application to launch an XRP trust is still on the website of the Delaware State Department. Therefore, some members of the crypto community began to claim that the news was not, in fact, fake.

after the release of a refutation - on short positions . And this scheme, according to MartyParty, cost them only $50.

Probably, no one else will be able to take advantage of such a scheme because the case of the fake registration of an ETF on XRP from BlackRock has been transferred to the US Department of Justice .

#etf #BTC #cpi #crypto #XRPUpdate

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