On-chain Detective ZachXBT Withdraws Support for XRP, Criticizes Community's Lack of Systemic Value

ZachXBT, a "on-chain detective" with experience at Bloomberg, has announced that he will no longer provide support to the XRP ecosystem due to concerns over market integrity and the allocation of voluntary security resources. He characterizes the XRP community as providing limited systemic value and functioning primarily as exit liquidity for insiders. His statement may prompt renewed discussion on governance, reputational risk, and the role of independent forensic contributors in protocol ecosystems.

ZachXBT, a prominent "on-chain detective" known for his work at Bloomberg, has announced that he will no longer provide support to the XRP ecosystem. In a recent post, ZachXBT cited concerns over market integrity and the allocation of voluntary security resources as the primary reasons for his decision. He characterized the broader XRP community as providing limited systemic value and functioning primarily as exit liquidity for insiders [2].

This announcement comes amidst growing interest in XRP futures on the Chicago Mercantile Exchange (CME). Just over three months after the launch of XRP futures in May 2025, the product has surpassed $1 billion in open interest (OI), the fastest-ever contract to do so on the platform [1]. This rapid growth in XRP futures highlights the increasing appetite for regulated exposure among institutional investors.

The surge in XRP futures has also sparked renewed speculation about the potential approval of a spot XRP exchange-traded fund (ETF) in the United States. Nate Geraci, president of ETF Store, noted that XRP futures already support more than $800 million in futures-based ETFs, suggesting that demand for spot products may be underestimated [1].

ZachXBT's decision to withdraw support from the XRP ecosystem may prompt renewed discussion on governance, reputational risk, and the role of independent forensic contributors in protocol ecosystems. His assessment extends to other projects such as Cardano, Pulsechain, and Hedera, indicating a broader critique of market dynamics and stakeholder incentives [2].

In other news, HP (NYSE: HPQ) reported a 3% year-over-year revenue growth in the third quarter of 2025, marking a fifth consecutive positive quarter. The company's personal systems segment delivered a 6% year-over-year revenue gain and reached a 5.4% operating margin, driven by robust commercial activity and higher average selling prices (ASPs) [3].

References:
[1] https://coincodex.com/article/72196/xrp-futures-on-cme-surpass-1-billion-in-open-interest-fastest-in-exchanges-history/
[2] https://en.coinotag.com/breakingnews/on-chain-detective-zachxbt-refuses-further-support-for-xrp-calls-community-exit-liquidity/
[3] https://www.nasdaq.com/articles/hp-reports-3-percent-revenue-growth