Thirteen suspects that this wave of XRP's surge did not involve much retail investor participation, but rather that the big players manipulated the market through wash trading to attract speculators.
The advantage of this approach is that the founder can cash out again, while the downside is that the speculators may be facing another round of being chopped.
In this wave, the big players went too far, actually pushing the market cap to third place; what qualifications do they have?
Of course, Thirteen currently does not hold any XRP, and its rise and fall have nothing to do with me; Thirteen is just worried about its crazy bloodsucking, as it may impact the overall market during a pullback.
After all, it is no longer a small project but a giant with the third-largest market cap.
If this entity continues to pull back or even halves, Thirteen wouldn't be surprised; in the cryptocurrency world, during a period of volatility, both bulls and bears maintain a delicate balance. If the founder decides to cash out, the consequences could be extremely detrimental.
The same situation has almost always occurred with XRP during bull markets; when will this happen again? Could it be that it will be chopped twice directly?
Right now, XRP is still pumping and continuously bloodsucking.
Everyone must be cautious; the time may be approaching.
Thirteen is just expressing his true thoughts; please refrain from criticism if you disagree.