Crypto Pundit Debunks $100,000 XRP ‘Dark Pool’ | XRP News

In a video launched on Thursday, crypto commentator Zach Rector dismantled a viral declare—popularized by influencer Jake Clover—that XRP tokens are secretly altering palms for $100,000 apiece inside clandestine “dark pools.” Rector’s rebuttal goals to calm newcomers spooked by the rumor and to re-center the dialogue on verifiable market mechanics slightly than conspiratorial price-suppression narratives.

XRP OTC Deals Aren’t Market Manipulation

Rector opens the broadcast by calling the thesis “a new round of misinformation and FUD,” stressing that “institutions are [not] going to get XRP at $100,000 on the private ledger. That’s not happening.” He explains that what social-media accounts now label “dark pools” are merely over-the-counter (OTC) desks—personal bilateral venues that enormous holders have used for many years in equities, overseas exchange and, more not too long ago, digital property.

“It’s nothing new or specific to XRP,” he says, including that Ripple Labs has been off-loading half of its treasury through OTC since 2019 with out miserable the open-market price. Indeed, XRP has “pumped tremendously since November,” Rector notes, at the same time as Ripple distributed contemporary provide to institutional counterparties.

Much of Clover’s allegation hinges on the concept that a separate, personal model of the XRP Ledger (XRPL) carries its own price—orders of magnitude above the public market’s. Rector calls that notion a elementary misunderstanding of how Ripple’s enterprise tooling works.

Central-bank or authorities pilots usually ask for “private ledgers where they can keep messaging and transactions hidden from the public view,” he acknowledges, however these environments are permissioned sidechains or wrapped derivatives. “XRP only exists on the public XRP Ledger that we all use […]. Your XRP can never leave the XRP Ledger,” he states. If testers needed to model a six-figure price for stress-testing functions, “that’s not the real XRP, never was, never would be.”

To underscore the purpose, Rector cites Ripple chief technology officer David Schwartz, who “has already addressed this” and clarified that “there are not two prices of XRP.” Rector additionally invokes examples from different enterprise-focused chains—XDC’s hybrid structure and Constellation’s Department of Defense “Metagraph” deployment—to show that privateness partitions are customary apply, not proof of hidden liquidity at surreal valuations.

OTC Buyers Get A Discount

While some retail merchants worry that Wall Street would fortunately pay an astronomical premium behind closed doorways, Rector argues the economics are inverted: “Why would an institution pay $10,000 per XRP on the private ledger […] when it’s available on the public market for $2?” OTC desks exist exactly in order that whales can accumulate “without moving the market,” to not overpay.

In reality, historical past reveals that Ripple has usually granted institutional companions a low cost, not a markup—one thing revealed in discovery during the SEC vs. Ripple lawsuit. Rector reminds viewers that Ripple’s information set consists of “over 1,700 NDAs” and that R3 as soon as negotiated an option to buy 5 billion XRP “for a sub-penny” over three years, in the end settling for a single billion when the broader partnership soured. None of these figures strategy the six-figure fantasy.

At press time, XRP traded at $2.21.

Featured image created with DALL.E, chart from TradingView.com