Is South Korea Pulling the String on XRP? A Dash of Sarcasm & Secrets Revealed! 💸🤫

Darling, it appears that the glamorous world of cryptocurrencies has taken a page from a spy novel, with Seoul’s Upbit exchange-yes, the one with the sophisticated taste-possibly wielding the real power behind XRP‘s price. Who knew that behind those digital whispers, a tiny government might be playing the puppet master? 🎩💼

Our favorite analyst, the ever-charming “Dom,” has shone a spotlight on a chart-think of it as a financial game of “Where’s Waldo?”-showing that Korean sellers took a dramatic bow just as XRP hit its floor. Coincidence? Or perhaps the universe’s most elaborate game of musical chairs, where Upbit’s noose might be tightening around XRP’s neck? 😏

Is Upbit Playing God With The Price?

According to Mister Dom-who’s been waving his crystal ball since April-yes, the Koreans might be controlling the show more than we fancied. When they paused their selling, the price began its slow, posh ascent, despite Binance still throwing a hissy fit and selling away like it’s Black Friday. And just like that, the market did its best impression of a staircase-upwards, slowly but surely-perhaps with a little help from Coinbase, which has hoarded nearly 15 million XRP. Fancy that! 🕺💃

The 48-hour spectacle from August 2-4 paints a rather entertaining picture of whales, minnows, and possibly an exchange or two playing musical chairs-each trying to outdo the other. Binance’s green line (selling) moonwalks downwards, while Upbit’s purple line flattens, perhaps indicating they’ve decided to take a breather-just in time for XRP to breathe a sigh of relief and do a little dance of its own! 💃📉📈

Now, our dear Dom isn’t exactly a recent convert. He’s been waving the “massive flows” flag since April, warning us of the “absurd size” XRP/KRW shenanigans at Upbit. Back then, he diagnosed a whopping 220 million XRP sold since mid-April-money that could buy a small island-more than half of which was market-sold in a single day earlier this August. The man’s got a nose for drama, or perhaps just an uncanny knack for sniffing out the truth! 🐶💸

Sector-wise, Upbit is no laughing stock. It processed a staggering $110.2 billion last month-fancy speak for “not just a fly-by-night”-ranking fourth globally. And XRP isn’t just flirting with fame; it’s often outshining Bitcoin on its own home turf, capturing nearly a quarter of Upbit’s entire volume. Who needs Wall Street when Seoul is so chic? 💼🌏

All this data, though tantalizing, isn’t exactly a smoking gun. Still, it’s enough to make us wonder if regional exchanges are the new kingmakers, wielding influence over the global stage-like a Thai ladyboy with a secret handshake. And with South Korean retail fans still enamored with XRP since the 2017 boom, the flow could easily reverse-as Dom’s dashboard hints-casting the whole market into a new light. 🌶️🤔

As we speak, XRP is enjoying a modest rally at $3.05, up a charming 4.8%-perhaps a little tribute to the hidden puppet masters. Or just another day in the crypto carnival! 🎪💫

2025-08-05 11:47

Is Upbit Playing God With The Price?

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