Ripple CTO called out for market manipulation of FLR token

Ripple CTO David Schwartz has been criticized for alleged marketplace manipulation of Flare (FLR) tokens with his caller comments connected the FLR token airdrop.

The existent Flare holding rules for consequent airdrops permission perfectly nary inducement not to merchantability your Flare now. You suffer *nothing* if you merchantability now. 1/3

— David "JoelKatz" Schwartz (@JoelKatz) January 12, 2023

The Ripple CTO precocious spoke successful favour of selling FLR from the Flare task citing the token has nary value.

Schwartz highlighted Flare’s caller airdrop and targeted the Flare squad claiming they had not kept to their committedness and gave 15% of what they promised. Furthermore, the CTO claimed that Flare leveraged the XRP assemblage to turn but undermined its promises.

A fewer hours aft his comments, FLR tanked by 10% to $0.04367.

Despite immoderate Twitter users supporting his views, immoderate accused him of manipulating the assemblage to merchantability FLR and, 1 hr later, claiming to person bought a “bunch.”

Did you get a small buy-in liquidity by posting this thread to your 500K XRP assemblage followers?

"You suffer *nothing* if you merchantability now."
1 hr aboriginal
"I conscionable bought a bunch."

— Flare Oracle (FTSO) (@flareoracle_io) January 12, 2023

After each that, wherefore did you past bargain flare? that’s immoderate brainsick treble talk you person going connected there, telling everyone wherefore it’s bully to sell, lone past to decorativeness by saying you bought flare. Genuine question

— Alt crusader (@crusader_alt) January 12, 2023

Worth noting that Flare Network intends to present astute declaration capabilities to aggregate blockchains, starting with XRP and Litecoin (LTC).

On January 9, 4.279 cardinal FLR tokens were distributed to XRP holders based connected a snapshot of the XRP Ledger (XRPL) taken successful precocious 2020.  With the airdropped token starting to commercialized connected exchanges similar Binance, OKX, and Kraken, prices rocketed supra $0.076.

However, FLR dropped by 87% soon aft token organisation started connected January 9. Despite this, the token has rebounded somewhat aft the comments of the Ripple CEO, trading astatine $0.04451 arsenic of property time.

The station Ripple CTO called retired for marketplace manipulation of FLR token appeared archetypal connected CryptoSlate.