The post Crypto pundit trolls XRP, labels it crypto’s biggest scam appeared on BitcoinEthereumNews.com.

Outspoken crypto pundit Max Prime has been trolling Ripple’s embattled stablecoin project. In a recent no-holds-barred X post, Max slammed XRP as the biggest scam in the cryptocurrency ecosystem. Max’s grouse with the crypto seemed fuelled by its dismal performance despite circumstances that could have propped it up. #XRP is literally the biggest scam in crypto THEY WIN THE LAWSUIT AGAINST THE SEC ( paid very small fine ) And XRP DOESN’T MOVE THESE XRP CLOWNS HAVE BEEN SAYINGITS TO THE MOON AFTER LAWSUIT AND GET NOTHING HAHAHAHA SUCKERS pic.twitter.com/LR6sWtKtf5 — Max Prime (@MatrixPrime_) August 17, 2024 Ripple has just concluded a winding litigation that pitted it against the SEC. In the lawsuit dating back to 2020, the regulator had accused Ripple Labs XRPs parent company of violating federal laws.  Therefore, the regulator sought a $2 billion penalty against the crypto firm. Ripple itself put up a spirited fight against that demand, conceding that it should only part with $10 million. However, presiding Judge Analisa Torres handed Ripple a $125 million fine in a ruling some say the SEC lost more. Ripple celebrates partial victory despite fine Judge Torres’ pronouncements had Ripple’s executives, led by the CEO Brad Carlinghouse, celebrating. Mr. Carlinghouse posted this response through his X handle: This is a victory for Ripple, the industry, and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone. Mr. Carlinghouse After that judgment, XRP rallied 30% to a high of  $0.6. That rally was short-lived, though, as the stablecoin went on to shed nearly 15% in the days following the ruling to close at $0.5475 on August 11th. This capitulation and supposed chest-thumping of Ripple’s executives ticked off Max, who ridiculed them as clowns. XRPUSD chart Source: TradingView Max isn’t the only one expressing…

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Filed under: News - @ August 17, 2024 9:22 pm