TL;DR
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Someone faked an XRP ETF filing, which pumped the token’s price 12% in 30 mins, before crashing back down after the filing was disproven.
Full Story
The trendsetter in our 4th grade class? Nicole Miskowsky.
(Why do you ask?).
She’d buy things before everyone else → wear & help popularize the item → ditch the look before it was saturated.
It’s kinda similar to how trading crypto works:
Buy-in early → ride the hype → sell at the top.
…but what if the hype just isn’t catching on?
One XRP investor recently took it into their own hands to spread some good old fashioned fake news, and artificially pump the project.
Here’s what you missed:
Last week, when BlackRock issued an entity registration for ‘iShares Ethereum Trust’ (hinting at an ETH ETF filing), Ethereum quickly rose past $2k for the first time in months.
So, when there was a registration on Monday named ‘BlackRock iShares XRP Trust’ – XRP shot up 12% in 30 mins!
Only problem was…
The registration was fake.
As a result, all of XRP’s gains were wiped out in a matter of hours.
Woof!
