XRP ETF Mirage Shakes the Crypto Jungle!

Uncover the truth behind the hoax

Author

Jungle Degen
November 17, 2023

Greetings Crypto Explorers! 🌴🦜

Venture once more into the verdant vastness of our crypto jungle, where the latest rustle comes not from the foliage but from a startling revelation that's sent shockwaves through our canopy. A tale of deception has emerged, casting a shadow over the forest floor—a rumored XRP ETF that turned out to be mere mirage. We will soon unearth the roots of this duplicitous act, but let us not forget the other creatures and whispers in the underbrush: from BlackRock's Ethereum ETF ambitions to a surge in crypto fund inflows and groundbreaking strides in cross-chain collaboration. Prepare to navigate through the tangled vines and sun-dappled clearings as we uncover the truth behind the headlines.

As always… Stay Wild! 🌿🦁🚀.

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

Fake filing for BlackRock XRP Trust caused brief price spike

www.theblock.co/post/262912/fake-filing-for-blackrock-xrp-trust-caused-brief-price-spike

Guess what swung through the crypto vines this time? 🐒 

An XRP price pump! But hold your bananas, it was all based on monkey business. 🍌 A sneaky fake filing pretended that the big gorilla Blackrock was getting ready to roll out an XRP ETF.

The Delaware jungle drums were beating hard as the filing looked like a real Blackrock move, even had the same tree markings (aka registered agent info). It got the whole jungle buzzing, and XRP soared 12% faster than a cheetah on a sprint! 🐆

But, roarrr, here comes the twist! Blackrock growled out a big "NOPE" – no such XRP ETF in their wild plans. The price of XRP then did the bungee jump back to where it was, chilling at 66 cents per token.

Remember, even in the wildest of jungles, always watch out for those sneaky snakes in the grass offering fake treasure maps! 🐍🗺️

👀 More on the fake XRP ETF:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

Deep in the heart of the crypto-jungle, where the whispers of the market rustle louder than the leaves, a sly creature skulks unseen. It speaks in forked tongues, spinning tales woven with the silken threads of illusion. It promises a path paved with golden coins, leading the unwary into a labyrinth of mirages. Beware, for its words dance like shadows, and truth slips through fingers like sand. Only the keenest of crypto warriors can pierce the veil of its chicanery. What is this elusive beast that basks in the moonlight of misinformation, and how may you unveil it without being ensnared in its deceptive embrace?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $36,351.28 (-2.58%)

  • Ethereum (ETH) - $1,938.54 (-7.28%)

  • Top Gainer: Celestia (+136.98%)

  • Top Loser: Gas (-65.21%)

    Snapshot taken on the 17th of November, around 1:47pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

What's your take on the fake Blackrock XRP ETF filing?

Login or Subscribe to participate in polls.

🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

Trying to hide from the fake news

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

As the twilight whispers through the leaves of our crypto jungle, we're reminded of the ancient adage that rings as true as the call of the wild: Not your keys, not your crypto. As guardians of our digital assets, let's engrave this mantra into the bedrock of our practices. Like the mightiest of trees, our security must have roots that run deep—impenetrable and steadfast. Hold fast to your private keys, for they are the lifeline to your cryptocurrency. In the dance of digits and trades, let us be as cunning as the fox—always aware, never complacent. Encrypt your treasures with the utmost care and never stray from the path of self-sovereignty. For in this land of virtual riches, it is those who command their keys that command their destiny. Let us tread with purpose and protect with resolve, for in the end, the truest wealth is that which we have the wisdom to keep securely within our grasp.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!hapcan xXx