Software engineer and cryptocurrency expert Vincent Van Code has raised concerns about potential market manipulation in XRP trading.
In a recent post on X, Van Code stated, “If you’re wondering why XRP price isn’t pumping, remember when volumes are low, it’s easy to manipulate price.” He observed that a large number of small orders were being placed, writing, “I have seen over 500 order (just with naked eye) below 6 XRP.”
He clarified that this was not outright manipulation but part of a larger pattern he intends to analyze further. He emphasized that the current market activity was influenced by arbitrage and price balancing against Bitcoin (BTC) and Ethereum (ETH), which were experiencing significant downward pressure. Despite his observations on price movement, Van Code reassured his audience that he was maintaining his position and not selling his tokens.
If you're wondering why #XRP price isn't pumping, remember when volumes are low, it's easy to manipulate price.
I have seen over 500 order (just with naked eye) below 6 XRP.
This is not manipulation. I will run a histogram of a full days transaction tomorrow I guarantee it's… pic.twitter.com/IzHNpzV6wP
— Vincent Van Code (@vincent_vancode) March 20, 2025
Binance and High-Frequency Trading
A user responded to Van Code’s post, questioning the motivation behind the alleged market manipulation. Van Code dismissed the idea that this was a strategic delay by institutions. He explained that these traders operate with superior market data and technology, allowing them to execute trades before retail investors can react.
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He pointed to Binance’s role in facilitating this trading behavior, stating, “It’s unfair as they allow VIP customers to do all of that. And majority of exchanges source liquidity off Binance, so yeah Binance controls the entire market.”
While he did not directly accuse Binance of engaging in manipulation, he stated, “I am not saying Binance do directly, but they sure as FK create the environment for it to happen. Meanwhile they make billions in spreads, fees, etc.”
The Challenges for Retail Traders
Further into his tweet response, Van Code warned that retail traders have little ability to compete against high-frequency trading strategies. He explained that in periods of low volume, market makers receive significant fees to maintain liquidity, while high-frequency traders struggle when volatility decreases.
He concluded by sharing his own approach to the market, in his words “I stopped trying to find bottoms and tops. Just holding, long long term.” He acknowledged that many traders were in a similar position, finding little value beyond market commentary. “Commentary and entertainment is all me and majority of my followers get out the current situation”
Vincent Van Code’s tweet highlights how high-frequency traders and Binance VIP customers exploit market mechanics to gain an edge over retail investors. While he sees manipulation as unavoidable, he believes long-term holding remains the best strategy in such an environment.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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