@jakeclaverqfop: Exchanges can cover mass cash-outs because anything issued on the XRPL converts to XRP through the built-in DEX, including RLUSD and USDC. They also hold large cash pools. The scenario described is a run to $50 to $100 where long-time holders sell at old targets, then a pullback during a liquidity crisis. Few holders remain by the next leg. This is one thesis, not a prediction. Do your own research.

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