Ripple has recently posted a humorous video featuring CEO Brad Garlinghouse, offering a timely anti-scam reminder to the crypto community. The video, shared on Ripple’s official X (formerly Twitter) account, shows Garlinghouse in two versions. One version is the “real” Garlinghouse, dressed in a suit, while the other is a comical “fake” Garlinghouse, lounging in a bathrobe. The fake CEO promises large returns and an XRP giveaway, asking users to send 500 XRP in exchange for double the amount.
In the video, the real Garlinghouse steps in to debunk the scam, clearly stating, “Ripple will never ask you to send us XRP,” and emphasizing that Ripple will never request wallet addresses. He warns viewers to stay alert, especially during market upticks. The video concludes with Garlinghouse humorously commenting on his look-alike, saying, “At least they got my hair right.”
Also Read: XRP Ledger Experiences Temporary Disruption, RippleX Pushes for Urgent Software Update
XRP Price Surge Triggers Major Whale Movements
While Ripple is dealing with scams, XRP has undergone a large price increase, rising over 11% in the last few days. Such an increase has been realized to cause significant transactions of XRP tokens in the market. Cryptocurrency tracker Whale Alert noted that more than 273 million XRP changed hands in a single day. The biggest transactions were performed by Bithumb and Upbit Korean exchanges; 100,000,000 XRP amounting to $ 273,000,000 was sent to Bithumb and 60,000,000 XRP or $159,000,000 was withdrawn to Upbit.
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Also, Binance experienced nearly 25 million XRP withdrawals which cost approximately 67 million. These large movements signal a lot of interest in XRP as the price of the token continues to appreciate.
XRP Hits $2.87 Amid Market Surge
XRP recently broke above the $2 mark, reaching a high of $2.87 on Monday. While the price has since dipped slightly, XRP remains strong, trading at $2.77, with a market cap of $139 billion. This price action, coupled with Ripple’s efforts to combat scams, signals growing attention to XRP in the cryptocurrency market.
Also Read: XRP, SHIB, and BAND See Surge in Network Activity, Indicating Potential Price Volatility
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.