Bitrue, a popular cryptocurrency exchange, has urged his followers do everything possible for the XRP token.
Bitrue, a popular cryptocurrency exchange, has urged his followers do everything possible for the XRP token.
The bullish post attracted some negative reactions from the exchange’s followers. One user pointed out the dismal price performance of the XRP token over the past five years.
Some have suggested that the social media post may have been misjudged given that it unmistakably sounds like financial advice.
Other users joked that the exchange’s attempt to promote the token could be bearish for XRP.
Tomiwabold OlajideBitrue has long been one of the most pro-XRP exchanges. In recent years, it has implemented numerous features to specifically cater to the community behind the Ripple-affiliated token.
In 2018, it adopted the XRP-affiliated token as its base currency, becoming the first major cryptocurrency trading platform to do so. It continued to expand the list of tokens that can be exchanged for XRP in the following years. In March, it made it possible to exchange highly popular meme coins such as BONK and SHIB against the Ripple-affiliated token.
Arman ShirinyanIn 2019, the XRP-focused exchange ventured into the lending market, allowing users to pledge their XRP and other tokens to receive loans.
In 2023, the exchange introduced zero withdrawal fees for XRP transactions.
Besides that, Bitruth is running a Unique Node List (UNL) validator on the XRPL network, thus improving its security.
Despite its strong involvement in the XRP ecosystem, some users still felt that the recent post went a little too far.
The XRP token is down 11% over the past month, sinking along with the broader cryptocurrency market.
The Ripple-affiliated token has underperformed other major cryptocurrencies despite gaining some semblance of legal clarity with Judge Torres’ ruling.
