Amid the latest XRP worth decline, a crypto dealer and commentator has referred to as consideration to losses suffered by merchants in South Korea.
Notably, market pundit Ryker accused the “XRP crew” of contributing to main losses amongst South Korean buyers by promotional efforts.
Nevertheless, his commentary failed to offer any proof to assist the claims. As well as, XRP’s decline comes as a part of a broader downturn affecting your entire crypto market, not simply an challenge particular to the token.
Ryker Claims the “XRP Crew” Promoted XRP in South Korea
In feedback shared on X, Ryker alleged that a number of South Korean celebrities acquired funds from the “XRP crew” to advertise XRP when the asset traded between $2 and $3.
He referred to as consideration to buying and selling exercise on Upbit, South Korea’s largest cryptocurrency trade, noting that XRP’s buying and selling quantity sometimes exceeded that of Binance.
Contemplating this, Ryker claimed that many South Korean buyers purchased XRP and later suffered heavy losses when costs fell. He additionally said that he plans to disclose what he described because the individuals behind these alleged actions sooner or later.
Allegations Round Influencers and Media Organizations
In a follow-up publish, Ryker doubled down on his accusations, claiming that numerous South Koreans misplaced cash due to the XRP undertaking.
In South Korea, many individuals misplaced cash due to this $XRP undertaking.
Truthfully, the variety of individuals investing in cryptocurrencies in South Korea is large, so the #XRP crew employed many KOLs and media retailers to advertise the undertaking within the nation.
This undertaking did not do something at… https://t.co/kz1Dy2XAoT
— Ryker (@Ryker_Crypto) June 9, 2026
In line with him, South Korea has one of many largest cryptocurrency investor bases, which allegedly led the “XRP crew” to work with quite a few key opinion leaders (KOLs) and media retailers to advertise XRP all through the nation.
Ryker additional alleged that the undertaking’s reputation got here largely from sturdy relationships with influencers around the globe and intensive media publicity, not from precise achievements.
He additionally claimed that the “XRP crew” spent large quantities of cash on advertising and marketing and liquidity efforts, which he alleged allowed them to promote tokens for revenue. In line with Ryker, the cash allegedly generated from XRP holders was substantial.
XRP’s Recognition in South Korea Predates These Claims
Whereas Ryker instructed that XRP’s reputation in South Korea got here from alleged promotional efforts, accessible market knowledge reveals that the nation has been considered one of XRP’s largest buying and selling markets for years.
South Korea has persistently ranked among the many most energetic areas for XRP buying and selling, generally even recording greater buying and selling exercise than america. Sturdy curiosity from Korean buyers has helped keep XRP’s place out there over an extended interval.
In consequence, XRP has ceaselessly develop into essentially the most traded cryptocurrency in South Korea, typically surpassing each Bitcoin and Ethereum in buying and selling quantity. This development has been particularly seen on Upbit, the nation’s largest crypto trade.
Importantly, this sample will not be new. XRP has loved sturdy assist in South Korea for years, particularly alongside the presence of SBI Group, a long-term Ripple accomplice. The development didn’t all of the sudden seem on account of a latest marketing campaign linked to efforts from an “XRP crew.”
In the meantime, XRP has lengthy attracted constructive commentary from crypto analysts, market commentators, and members of the neighborhood. Nevertheless, there’s presently no proof displaying that Ripple funds or coordinates campaigns behind these commentaries.
XRP Following Broader Market Decline
Ryker’s feedback come at a time when XRP trades round $1.50, representing a 56% decline from its all-time excessive of $3.60 reached in July 2025.
Nevertheless, XRP will not be the one main cryptocurrency that has skilled a big pullback. The broader crypto market has confronted appreciable strain, resulting in sharp declines throughout many main digital belongings.
Bitcoin presently trades at $62,609, down 50% from its all-time excessive. Ethereum, the biggest altcoin by market capitalization, has fallen even additional, dropping 66% from its peak and underperforming XRP throughout the identical interval.
In the meantime, Solana has seen one of many steepest declines amongst main cryptocurrencies. The asset now trades at $66, down 77% from its all-time excessive of $295 recorded in January 2025.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article could embody the creator’s private opinions and don’t replicate The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Primary will not be accountable for any monetary losses.
