FOX Journalist Lambasts XRP Army After 25B XRP Incident

Known for his deeply-rooted beef with the XRP Army, Gasparino’s question to BlackRock’s CEO sets off a different narrative.

Charles Gasparino bashing XRP coins.
Created by Kornelija Poderskytė from DailyCoin
  • A controversial 25.6 billion XRP transaction sparked a heated debate on X.
  • FOX Business veteran journalist lashes out on XRP in a sarcastic message.
  • Charles Gasparino asked BlackRock CEO Larry Fink about the XRP ETF.

While the aftershocks of a gargantuan 25.6 billion XRP transfer continue to buzz among crypto investors, sharp-tongued FOX Business journalist Charles Gasparino fired shots at the XRP community. Accounting for half of the token’s circulating supply, the transfer raised many eyebrows but was later deemed fake.

In a message full of sarcastic remarks, Gasparino uttered: “The Pope has begun a prayer service for all the XRP holders who lost so much money as the priced crashed from $3.”

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The cynical endeavor carried on with Gasparino wishing XRP never to repeat its heights, remarking “since i’ve been talking about it, xrp is off its highs and its never going back to $3 moron. sad ha!”

Surprise Move: Gasparino Enquires About XRP ETF

As the financial landscape saw a game-changing moment last week with the inception of the inaugural Bitcoin exchange-traded fund (ETF), altcoin ETFs have been a hot topic in the crypto sphere. In a recent interview with Larry Fink, Gasparino asked, “How about an XRP ETF?”

BlackRock’s CEO pragmatically answered, “You know I can’t answer that.” This has sparked enthusiasm among the XRP Army, which expects a mainstream adoption of the OG altcoin, already highly publicized in the media due to the ongoing Ripple vs. U.S. Securities and Exchange Commission (SEC) legal battle.

Following the developments, XRP remained at the status quo, trading at $0.57 at publication. While trading below fundamental support at $0.60, XRP gained 47.2% yearly despite stepping aside from the TOP 5 largest cryptocurrencies by market capitalization, overshadowed by Solana’s 299% yearly run.

On the Flipside

  • The verbal clash between Charles Gasparino and the XRP crypto community is rooted in the conspiracy theories surrounding Jay Clayton, who brought the case against Ripple for selling XRP as ‘unregistered securities.’

Why This Matters

Despite the sarcastic remarks, XRP ETF discussions depict an institutional interest in XRP.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.