In recent news, John Deaton, an intricately involved analyst in the crypto community, revealed that somebody was attempting to orchestrate an XRP pump over the course of this weekend. In a tweet, Deaton claimed that he was aware of the situation; however, he begged anyone looking to join to research what it is they’re buying before investing.

With interest in cryptocurrencies trending higher by the day, it’s not unusual to see significant pumps arising during the weekend peak. Over-investing in cryptocurrencies, however, has been proven to be a dangerous game, leaving many traders with huge losses. A great number of cryptocurrency traders have had to learn their lessons the hard way.

In a serious caution addressed to those who may be scoped out by this pump, Deaton warned that “a quick pump and dump not only erodes trust in the ecosystem between members, but in the eyes of the regulators”. Deaton has been labeled a reliable source by the crypto community, with experience and expertise within the cryptocurrency industry.

The caution from Deaton will likely be taken into serious consideration by those who trade XRP and other cryptocurrencies alike. It is of the utmost importance for new investors to familiarize themselves with the markets before investing their money. This is especially true for XRP, as most crypto traders are aware of the perils associated with crypto trading.

An experienced crypto trader knows the dangers associated with a pump, and the similar movements that follow. The huge insights provided by John Deaton provide an insightful reminder of the dangers associated with buying crowding asset prices. The lessons learned from risky investments is an incontrovertible way to amply protect your investments in the long term.

John Deaton's bombshell has put the crypto community on notice as XRP traders and other crypto investors pay attention to cryptocurrency prices and the weekend market performances. Deaton's warning is a helpful reminder of the risks associated in cryptocurrency trading and the resulting movements that can follow. This is a great note of precaution, as crypto investors must be sure to do their own research before joining any pumps.



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