Are Ripple (available on Binance) (XRP), Litecoin (available on Coinbase) (LTC), and Tron (available on Binance) (TRX) floating or sinking today? Let’s take a look at what’s happening.
Ripple (available on Binance) (XRP)
Ripple (available on Binance) (XRP) is currently selling for $0.887528, which puts the coin up 1.21% in the past 24 hours.
Source: CoinMarketCapRipple (available on Binance) is one of the few coins up today, although the growth may not last long. Earlier in the day, XRP nearly reached $1.00, growing as high as $0.92. This jump in price likely came as a result of the new Binance trading pair of XRP and USDT (TETHer).
#Binance Adds XRP/USDT Trading Pairhttps://t.co/9OiHnx0svL pic.twitter.com/hEpsGWYoyf
— Binance (@Binance) May 4, 2018
The people replied with their enthusiasm:
Woohooooooo pic.twitter.com/IUkTqeIiJa
— The Cryp-Toe Man (@Royal_Gentlemen) May 4, 2018
However, others were concerned that insider trading might have been at play:
@cz_Binance Are you guys involved in insider trading ? Look at the screenshot. XRP was heavily pumped right before this announcement. Same thing happened for yesterday’s Nano announcement. ——-#Bitcoin (available on Coinbase) #nano #XRP #Ripple (available on Binance) #crypto pic.twitter.com/DgnBf0M6rF
— Korean Crypto Queen (@koreansatoshi1) May 4, 2018
What do you think? Was there foul play afoot?