FOX Business journalist Eleanor Terrett recently posted an email she received that quickly gained traction on social media. The email, appearing to be from an individual named Mohammad, contained an unusual request regarding the price of XRP.
The sender asked Terrett to “please raise the price of Ripple as soon as possible to more than $100,000,” concluding with multiple prayer and rocket emojis.
Terrett shared a screenshot of the email on X with a sarcastic remark: “Well, since you asked so nicely, Mohammad.” The post quickly caught the attention of the crypto community, leading to a series of humorous responses.
One X user, CryptoArsenal, questioned the logic behind the request, asking, “How are you going to raise the price of a private company though?” Their comment highlights a common misconception among some investors, as Ripple is a private company, while XRP is a digital asset that operates independently. In a lighthearted response, Terrett jokingly replied, “With my Jedi mind tricks,” playing along with the absurdity of the request.
Another user, Productbilly, provided a more educational response, saying, “The classic ‘please raise crypto prices’ email A reminder that markets don’t work on wishes – they move on fundamentals, volume, and adoption.”
Productbilly’s comment reinforces an important reality about financial markets: prices are influenced by real-world factors such as supply and demand, liquidity, and investor sentiment, rather than personal requests or hopeful speculation.
The email serves as a reminder of the widespread misunderstandings surrounding digital assets. XRP, often incorrectly referred to as “Ripple,” is frequently at the center of misinformation.
While Ripple, the company, is closely associated with XRP due to its involvement in blockchain-based payment solutions, the two are separate entities. Price movements of XRP depend on market conditions, adoption, and regulatory developments, not on the actions of any individual or company.
Such misconceptions can sometimes lead to unrealistic expectations among retail investors, as seen in this email. Some individuals may believe that influencers, journalists, or even companies can directly manipulate prices, overlooking the complex economic factors. This incident highlights the importance of financial literacy and responsible investing in the crypto space.
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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