Crypto Pundit Debunks $100,000 XRP ‘Dark Pool’ Theory
Zach Rector refutes claims that XRP tokens are being traded for $100,000 in dark pools, labeling the assertion as misinformation. He clarifies that what are referred to as "dark pools" are actually over-the-counter (OTC) desks, which have been used for decades and do not manipulate market prices. Rector emphasizes that Ripple Labs has been distributing XRP via OTC since 2019 without affecting open-market prices. He disputes the idea of a separate private XRP Ledger with a different price, stating that XRP only exists on the public ledger. Rector cites Ripple's CTO, David Schwartz, to reinforce that there are not two prices for XRP. He explains that institutions would not pay exorbitant prices privately when XRP is available at much lower rates publicly. Historical data shows Ripple has offered discounts to institutional partners, contradicting the notion of inflated private pricing. As of the latest update, XRP is trading at $2.21.
