Crypto investigator ZachXBT recently stirred the pot by publicly criticizing Ripple and its XRP community. He’s made it clear: he’s not here to help.
XRP Holders: “Exit Liquidity”
ZachXBT’s main beef? He believes XRP holders offer nothing of value to the crypto industry, serving primarily as an easy exit for insiders who cash out. He points to the heavily controlled XRP supply as a major red flag, hindering fair growth and making the token less attractive. He even joked about mocking anyone who tries to DM him for help.
A Cult, Not a Community
He went further, calling the XRP community more of a cult than a collaborative group focused on innovation. Instead of focusing on real technological advancements, he says they’re obsessed with hype, price manipulation, and defending the token at all costs.
Beyond XRP: The Problem with MLM-Style Projects
ZachXBT’s criticism extends beyond XRP. He openly dislikes projects that resemble multi-level marketing (MLM) schemes. These projects, he argues, thrive on hype, recruiting new buyers, and constant shilling, enriching early investors while leaving later buyers holding the bag. This, he says, is a perfect description of the XRP situation.
The “Numbers Go Up” Mentality
He describes these communities as cult-like, fiercely defensive, and more focused on pushing the price up (“numbers go up”) than building something sustainable. This short-sighted approach, he believes, prevents these projects from contributing positively to the crypto industry.
The Fallout
ZachXBT’s outspoken stance has sparked a debate within the crypto community. While some agree with his assessment, others are fiercely defending XRP. His comments are sure to lead to further discussion about XRP’s future and whether it’s truly about innovation or simply insider profit.