Binance XRP Dump Allegations Fuel Price Drop: Expert Insights
Expert Claims Binance Is Depressing XRP Price
A crypto expert, known as Pumpius, has stirred controversy by suggesting that Binance is deliberately exerting sell pressure on XRP. This alleged manipulation is reportedly suppressing the token's potential for a breakout, despite underlying fundamentals that should favor growth. According to Pumpius, this strategy aligns with the exchange's focus on retail traders and creating artificial liquidity drains.
🚨 BINANCE IS DUMPING $XRP 🚨
Massive sell pressure. Sudden liquidity drains. Charts spiking red.
But here’s the part the peasants don’t get: Binance isn’t just dumping crypto, they’re deliberately manipulating XRP’s price.
This is a coordinated war. 🧵⚔️ pic.twitter.com/bKLzHkONk2
— Pumpius (@pumpius) September 1, 2025
Pumpius argues that XRP’s utility poses a threat to Binance's market-making strategies. He notes that positive news for Ripple, such as the resolution of the XRP lawsuit, is often followed by sudden sell-offs, suggesting a deliberate effort to limit XRP’s growth.
Further supporting this view, analyst Pepesso pointed to Binance's alleged offloading of over $1.5 billion in Ethereum within a week, using Wintermute to obscure the exchange's direct involvement. These actions create the illusion of organic market pressure, potentially liquidating leveraged traders.
XRP Price Reacts Amid Market Sentiment
XRP has seen a recent price decline of 4% over the past week, even as the broader crypto market experienced a slight recovery. The token is showing a modest rebound, currently up by 1.94% to $2.80.
The Crypto Fear & Greed Index has shifted to "neutral," down from "greed" a month earlier. Data shows that active addresses on the XRP Ledger have decreased from around 45,000 in mid-July to approximately 20,000, making the token potentially more susceptible to external pressures.
Despite this, there are positive indicators. Whales have reportedly accumulated about 340 million XRP tokens in the last two weeks, suggesting continued confidence from some major investors. Additionally, Linklogis, a Chinese supply chain firm, is leveraging the XRP Ledger for its global finance platform, marking a significant step for Ripple's expansion in Asia.