An XRPL validator working underneath the title Grapedrop, or Grape, has revealed information that he claims reveals patterns of buying and selling exercise manipulation able to influencing the value of XRP. The info, which was first posted on the social media platform X, contains screenshots from the XRPL Console and examples of reside transactions, forming what the validator described as a transparent on-ledger footprint of unusually massive and repetitive transfers between trade addresses.
Validator Alleges Wash Buying and selling Patterns On The XRP Ledger
Out of roughly 1,000 XRPL nodes in existence, about 150 to 170 are energetic validators, and Grape’s node is certainly one of them. Grape confirmed that he has been working a validator since July 12, 2025, which has given him real-time oversight of transactions on the community. Curiously, Grape said that his findings are the results of systematic monitoring utilizing a customized Python instrument that’s designed to observe and flag funds above 10,000 XRP.
Since activating his validator, he has documented 1000’s of such high-value actions, usually involving widespread crypto exchanges like Bitget and Binance. His flagged transactions embrace examples resembling 49,900 XRP, 67,655 XRP, and 146,757 XRP, with related transfers recorded a number of occasions per hour and 1000’s of volumes a day.
The locations and sources of those funds usually connect with exchange-controlled wallets. Nonetheless, the amount and frequency are standing effectively above the conventional retail exercise. The screenshots shared present constant high-value actions to and from these crypto exchanges.
An instance is proven within the Console information under. Transactions embrace 3,018,977.72 XRP, 460,119 XRP, and 146,757.57 XRP, originating from one Binance-controlled pockets to a different. This development is extra of an organized sample reasonably than regular buying and selling exercise amongst merchants.
Is The XRP Value Being Manipulated?
Grape defined that XRP’s worth is commonly calculated utilizing volume-weighted averages. As such, repeatedly transferring massive volumes between exchanges can inflate these quantity figures and manipulate the calculations of market cap.
This exercise, known as wash buying and selling, is completed to create an impression of synthetic demand, which in flip methods different folks or different automated bots into shopping for into the crypto.
Responses to the findings by the XRPL validator have been divided, however most feedback on his social media posts appear to agree with the manipulation rationalization. One of many responses got here from “Crypto Bitlord,” an account with over 415,000 followers on the social media platform. “It appears fairly correct. And what you present in a short while think about what you’ll discover over time,” he stated.
In response, Grape famous that an enhanced model to deeply analyze and establish XRP worth manipulation is at the moment being developed.
Grapedrop’s findings actually elevate concern, however they cease wanting really proving worth manipulation. On the time of writing, XRP is buying and selling at $3.27, up by 1.5% up to now 24 hours.
Featured picture from Getty Photos, chart from Tradingview.com
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