There's no secret $10,000 XRP ledger. What people call dark pools are just OTC trades where institutions buy large amounts off-exchange. Ripple's CTO confirmed prices must match across all ledgers, and court documents show Ripple sold XRP to banks at discounts as part of its liquidity strategy.
Let's talk about XRP dark pools. I keep seeing you guys comment this when I make an XRP video about the dark pools and how there's a separate XRP price that will never be for the retail holders and it's $10,000 on a private ledger that only the big institutions can sell their XRP for $10,000. This is obviously complete nonsense. The CTO of Ripple, David Schwartz, has already said that the price will be the same on the private ledger and the public ledger, or is the same. People are talking about with the dark pools is actually OTC, which is over-the-counter trading, which happens on all cryptos. Let's imagine that I have $50 million and I want to buy a token or sell a token. If I do that on the open market, it's going to affect the price that everyone sees. However, if I just give you $50 million and you just send me the tokens, nothing happens to the price. Ownership just changed hands of the token, right? So you got your XRP— sorry, I'm a bit sick right now— you got your XRP and I got my money, but we didn't do it on the open market. It was in the dark pool, right? Dark pools is just over-the-counter selling and buying. Just imagine that, right? I just wire you $50 million or send you it in a stablecoin and you just send me the XRP. That doesn't affect the price. But XRP was just sold for $50 million. Right. And you could set the price at anything. And it's been shown in the court documents from the Ripple case that they were actually selling— Ripple was actually selling XRP sometimes at a discount to institutions because That is really the core business of Ripple, right? They want to get this XRP into institutions' hands so that those institutions can flip the switch, right, and start using it for on-demand liquidity and all the great benefits of XRP. It's every once in a while that they come out with another round of like big shitstorm FUD and just stupidity on the timelines. Um, but a lot of the bullish, like, good stuff is also, you know, misinformation as well. I encourage you to just read the XRP Markets reports that Ripple puts out and read, like, further than just the headlines, and especially the influencers on here that just put the headlines, right? Even back in the day when we were covering XRP, in a way more bullish light. I was still diving deep behind the headlines, um, excuse me, and you know, I'm still bullish, I'm still holding, but we'll see what happens. Uh, the whole private ledger thing, of course there's going to be private ledger. They don't want— you know, these financial institutions are most definitely not ready for the age of truth where you can see every single thing that everyone's doing, because that's what crypto is. People keep saying crypto is freedom and privacy and all this. I mean, no, it's really not. I can see all your money moving everywhere if you just give me your wallet address, right? And then as soon as your money hits an exchange where you've KYC'd, now we know whose wallets all of those were, and it's a big tree, right? Kind of looks like this lamp, like all your little transactions. Or sorry, this light. But yeah, XRP dark pools, don't get convinced by all these weirdos there. They're gonna keep trying to knock this thing down because they don't want to see it, uh, staying strong above $2.
