Prominent on-chain investigator ZachXBT said he will no longer work with the XRP community, describing the token as “exit liquidity for insiders” and comparing its ecosystem to a multi-level-marketing scheme. In posts on 28 Aug 2025, he asserted that Ripple holders “provide nothing of value to the industry” and that the project’s structure chiefly benefits insiders. ZachXBT pointed to wallet activity linked to Ripple co-founder Chris Larsen while citing the token’s recent price decline as evidence that large holders continue to off-load XRP onto retail investors. His remarks reignited long-running questions about token distribution and governance at Ripple, which is already fighting regulatory scrutiny in the United States.