Why has @Pheanor589 the $CULT “Dev” been selling $CULT thru multiple of the wallets that he was exposed with the last couple days as the price continues to decline? He is harming the investors and community. That is not how you support a project or a chart. Don’t forget how bad he rugged $CULT last year for $15.3k USD. Has that even been addressed yet or just swept under the rug no pun intended? Unforgivable.

Why has @Pheanor589 created dozens of wallets, accumulated a large share of $CULT, and transferred it around to dozens of accounts? Why does he pay himself and his other accounts thru the token rewards program? Why did he sell $15.3k of $CULT on a side wallet under everyone’s nose, proceed to buy back cheaper, and transfer the XRP to other accounts? Why has he done over 1000 single-side withdrawals of $CULT that attribute to 70% of the entire price increase? Why did he steal 5 figures worth of tokens from his business partner? Why did he lie about so many things? That’s not how you support a project or a community. That’s how you do a scheme.

One last thing before I stop talking about this completely irrelevant subject that everyone keeps telling me is irrelevant so I should stop bringing it up because talking about it only gives it relevance and we all know relevance is the enemy of comfortable weekends and corporate nice-guy spaces. Just to clarify one final time for the people who are pretending not to understand why the same on-chain patterns keep getting pointed out: Using dozens of wallets to hold and shuffle the majority of the supply while simultaneously buying and selling tiny amounts across them so the chart looks “active” is not some sophisticated market-making strategy that benefits the community. It is the opposite of leaving market share and upside for anyone else. The fact that the same wallets that are supposed to be supporting the floor are also the ones taking the other side of the trade is not a nuance. It is the point. And the part where the person running that setup keeps hopping into spaces with the polished “we’re all building together” voice while privately sending DMs that sound different is also not irrelevant. Neither is the part where money was stolen, followed by public denials and private apologies that never turned into actual repayment. People who say “just let it go” are usually the ones who benefit from the narrative, when the numbers stay small and the questions stay smaller. None of this suddenly becomes fine because volume is low and most of the remaining activity is exits. Low volume does not make concentrated control and conflicting incentives disappear. It just makes them easier to ignore if enough people agree to treat the whole thing as beneath discussion. So yes, this is the last time. Everyone can go back to calling it irrelevant now. I will not keep posting about the wallets, the simultaneous buys and sells, the private versus public versions of events, or the fact that the people most invested in declaring the topic dead are the same ones still performing in the spaces. That would be giving oxygen to something we have all already decided does not matter. Anyway. One last thing before I stop talking about this completely irrelevant subject that everyone keeps insisting is irrelevant so I should stop mentioning the dozens of wallets, the simultaneous buy-and-sell activity across them, and the part where the same people declaring it dead are still hopping into spaces with the polished “we’re all building together” voice. Just so we’re clear one final time: Concentrating a large share of the supply in an activation tree of wallets you created or funded, then doing the majority of the pool activity yourself while the chart mostly moves on your own transactions, is not some neutral market-making service that leaves room for everyone else. Calling the single-sided withdrawals and tiny decimal-tweaking buys “support” does not change what the ledger shows about what occurred. Low volume does not make the concentration go away. It just makes it easier for people who benefit from the setup to treat the questions as beneath them. None of that suddenly becomes fine because a few people agreed to call the whole thing irrelevant. The people most invested in shutting the conversation down are usually the ones still performing in the spaces and still telling everyone the numbers don’t matter. So yes. This is the last time. Everyone can go back to pretending the wallets, the contradictions, the lies, the private versus public versions of events, and the fact that the original creator keeps pointing at the same on-chain patterns are all beneath discussion. I will not keep posting about it. That would only give oxygen to something we have already decided does not matter. Anyway. Hope everyone is having a great weekend and preparing for the great financial reset. Enjoy.

Okay i won’t post anymore about @Pheanor589 rugging $CULT or running some broken scheme where he uses dozens of wallets to obfuscate the majority of the supply while buying and selling on several wallets simultaneously and leaving hardly any market share or profit for the community like a greedy you know what while jumping in spaces spitting in everyones face with the corporate nice guy act and a weird a vibe. It’s just irrelevant at this point because everyone involved is irrelevant seeing how all they do is get social media impressions and avoid subject matter. I could lie and say that im sorry and that its disappointing how it all turned out since thats what @Pheanor589 did several times while apologizing in my DM even though he continues to tell a lie in public and refuses to pay back the money he stole from me but i’m not a liar like him so i wont do that because im not sorry because im the one who was done wrong and its not disappointing because its expected from weird people on the internet who do weird petty things for petty results. I definitely won and @Pheanor589 and frens definitely lost and anyone who disagrees with that is irrelevant and dumb. So now that that’s settled even though it isnt, should i stay or leave? I would’ve asked something like “should i care?” if i did but i dont so i didnt. I’m just glad that very few real people support me and that a lot of fake people dont, because that’s how it’s supposed to be and if it were the other way around then i would be doing something wrong which is what you all actually think is right but are actually wrong about so thankfully i’m right. I’ll stick around for now, just don’t ask me to tag 3 friends and repost for a giveaway.

Can’t believe people are even still talking about @Pheanor589 and $CULT with how irrelevant they are. It hardly has any trading volume and majority of daily trades are people selling, except for @Pheanor589 spamming .1 buys on multiple wallets just to tweak decimals of the price up with a strange hyper fixation, bro it doesn’t matter if $CULT is 142.7442 or 142.7965 give it a rest and leave it alone why don’t you? I know why and we all know why now. That is not market making, that is just an unhealthy addiction and self destructive, but we already know you have problems with addiction and that people with addiction usually just change one for another. Did anybody catch that video of him trying to onboard an old lady from his neighbourhood to the $CULT scheme? This guy is insanely low for that, wow. Not surprising though seeing as how he stole money from his own “business” partner and “fren” and continues to deceive everyone to lure them into an exploitative financial scheme. Don’t forget that he literally rugged $CULT for $15.3k and bought back lower. How irrelevant is that, right? Probably just as irrelevant as all the other on-chain data that is vastly damaging but is chosen to be ignored by paid-for-frens with a low numerical value like pawns. The vibe is so weird at this point it’s like impossible to have a good weekend, so I don’t know why he keeps insisting that we do. Oh, because it’s part of the comfortable lies and deception. Anyways hope everyone is having a great weekend, shoutout to the all the builders of illiquid AI generated hand drawn NFTs that are being peddled by trolls who exhibit sick twisted sexual behaviours and leech off the community to extract value. Didn’t even think that fell in the definition of “building” but you know everything is perception and feels these days with these irrational lunatics sorry i misbuildered your identity and hurt your feelings I am just speaking my own truth because it’s like not any of the truth matters to anyone at all anymore whatsoever. Brutal.

XRP has a fundamental dilemma hiding in plain sight. Many do not understand these core concepts and it’s the true underlying cause for much of what we see today… The misconceptions about utility, price appreciation, and Ripples business model with XRP. What makes it interesting is the complete unawareness of what is actually right in front of you, it comes out of your own mouth, and has been said explicitly by Ripple for years. “Transfer of value”, “Utility token”. If you look closely at the language we use to describe these assets, the core economic limitation of "utility tokens" becomes immediately obvious. Let's break down the language. Think about the standard definitions: - XRP = transfers value - BTC = stores value Now look at the verbs behind those functions: - Transfer = pass on - Store = retain What happens when you apply those actions to the market? - Pass on = sell for a cheap cost because of highly available liquidity and velocity. - Retain = sell for a higher price because of scarce liquidity and lower velocity. It’s always been right in front of you: "Used" is simply worse for value. This creates a massive paradox for an asset like XRP where its liquidity is used as a bridge between assets. The standard counter-argument is that for a token to handle high-value global transfers, its unit price must be high. If it's cheap, moving $50M requires 50 million tokens at $1, which nukes the order book to fill the total order and causes significant price impact. That is slippage. A cost of the order. If XRP is priced at $100, a $50M transfer only takes 500,000 tokens. Lower slippage, seamless settlement. But here’s the Catch-22 that traps the asset at a lower valuation: How do you get from a currently low price to such a high price when the network is built for the asset to be passed on in 3 seconds? In an asset like Bitcoin, price discovery happens where people buy, hold, and pull supply off the market. With XRP having a 3–5 second velocity, every single ounce of buying pressure is neutralized by an equal and opposite selling pressure seconds later. This is ODL/Ripple Payments. Ripple pre-funds the customer account with XRP, the customer doesn’t buy it. They immediately sell it in the destination currency. Receive a pre-funded amount of XRP, sell it for a currency. They pay an invoice to Ripple, not the order books. Neutral to demand, neutral to price. Keep in mind Ripples cost basis for XRP is effectively zero, minted from thin air. Nothing competes with that. It’s market makers who take risk buying/holding XRP supply on the market for Ripple customers to sell into. They add/remove liquidity on the order books and thats what determines available liquidity depth. The network and asset faces a structural bottleneck. To grow the order books organically to handle institutional volume, someone has to push massive volume through first. But doing that at a low token price causes devastating slippage costs. This is the MOST important part that people need to understand, it is the answer to all of the misconceptions and delusions that people share about “institutions”: NO rational financial institution is going to pay a "slippage tax" today just to hope the asset becomes more liquid tomorrow. Especially when they don’t even have to put capital at risk. Ripple knows this. It’s why they have to bottleneck payment volume, use smart order routing, split orders, and use retries just to survive order book constraints. The very mechanics that make a token an excellent high-velocity transfer tool: Fast turnover, pre-funded liquidity, and immediate foreign currency off-boarding—are exactly what prevent it from organically retaining value. These are just the realities of market economics. There is no system that bypasses these dynamics. They are fundamental. For XRP, its high velocity will continue to act as a structural ceiling on price appreciation. In the game of value, utility is a trap.

I have to go now. Goodbye.

Why has @Pheanor589 created dozens of wallets, accumulated a large share of $CULT, and transferred it around to dozens of accounts? Why does he pay himself and his other accounts thru the token rewards program? Why did he sell $15.3k of $CULT on a side wallet under everyone’s nose, proceed to buy back cheaper, and transfer the XRP to other accounts? Why has he done over 1000 single-side withdrawals of $CULT that attribute to 70% of the entire price increase? Why did he steal 5 figures worth of tokens from his business partner? Why did he lie about so many things? That’s not how you support a project or a community. That’s how you do a scheme.

Why has @Pheanor589 created dozens of wallets, accumulated a large share of $CULT, and transferred it around to dozens of accounts? Why does he pay himself and his other accounts thru the token rewards program? Why did he sell $15.3k of $CULT on a side wallet under everyone’s nose, proceed to buy back cheaper, and transfer the XRP to other accounts? Why has he done over 1000 single-side withdrawals of $CULT that attribute to 70% of the entire price increase? Why did he steal 5 figures worth of tokens from his business partner? Why did he lie about so many things? That’s not how you support a project or a community. That’s how you do a scheme.

Willful ignorance comes in bulk.