Discover how Ripple is accused of being the biggest financial scam in history by a digital currency analyst. Get insights into the trading volume controversy and responses from Ripple's CTO.
A digital currency analyst named Aylo has labeled Ripple (XRP) as the biggest financial scam in world history. In a post on the social network X (formerly Twitter), he claimed that the 24-hour trading volume of the decentralized Ripple exchange is only $44,036, while its market value is $140 billion. David Schwartz, Ripple’s Chief Technology Officer, responded by stating that the screenshot provided by Aylo only shows a part of the automated market-making activities. Another network validator reported the actual trading volume to be close to $9 million.
