Coin Market Cap Called XRP An “Imposter” In Now Deleted Tweet

April 30, 2022 8:20 am Comments

Coin Market Cap threw some major shade at Ripple’s XRP.

In a now-deleted tweet, Coin Market Cap tweeted out that XRP wasn’t a real cryptocurrency but rather an imposter.

Coin Market Cap tweeted a meme of the video game “Among Us” the game where players have to guess who is an imposter.

In the meme, however, Coin Market Cap called XRP an imposter and has in times past called XRP that it’s not decentralized.

Take a look at the tweets by Coin Market Cap here:

Crypto Slate shared these details:

CoinMarketCap (CMC) was at the center of a controversy today after the market data aggregator tweeted that Ripple’s XRP wasn’t a real cryptocurrency.

CMC had shared an image of a game that required the players to find the impostor amongst digital assets like Bitcoin, BNB, Ethereum, XRP, and others.

While the controversial tweet has now been deleted, it lasted long enough to get the crypto Twitter community talking about each asset in the game.

According to CMC, XRP was the impostor because it doesn’t have the qualities of a real cryptocurrency, as it is governed and controlled by a central authority. It continued that “all the other coins in this are decentralized and are basically “people’s crypto.” The statement has garnered a lot of outrage from the many XRP supporters who said that the aggregator was only showing its bias against the token.

One user pointed to how the site “removed XRP’s volume stats from Korean markets without warning in early ’18.” They further accused CMC of creating FUD with ulterior motives.

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