Summary
- Ju Kyung-young warned investors that a short position on Ripple (XRP) is risky.
- He stated that insiders might possess trade information that could impact the market.
- Ju Kyung-young mentioned that variables such as the approval of a physical ETF for Ripple could affect the market.
A claim has emerged that taking a short position on Ripple (XRP) is risky. On the 2nd (local time), Ju Kyung-young, a representative of the crypto community, stated through X Buqueit The Alt that "shorting Ripple now seems risky," adding that "although the 25 billion dollar scale of Ripple inflow may look like market manipulation, it could simply be a preemptive buying." He further stated, "This insider trade suggests that they may have very strong issues regarding Ripple," and "there are variables such as the approval of a physical ETF for Ripple."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
