Suspicious Wallet Activity on XRPL: rMgfXS7rTwLeQhsy7sE8MZyBXKHFCuUsG1

[TeamDrop589]

Hello,

We’ve observed a wallet (rMgfXS7rTwLeQhsy7sE8MZyBXKHFCuUsG1) on the XRPL conducting approximately 1000 small sell transactions per day on the $DROP/XRP pair.

This behavior appears designed to inflate the sell volume artificially, skewing market data and negatively affecting token rankings on platforms like Dex Screener and Dex Tools. We suspect it to be malicious manipulation, and we believe it’s important for the XRPL community to be aware and investigate accordingly.

XRPScan link: https://xrpscan.com/account/rMgfXS7rTwLeQhsy7sE8MZyBXKHFCuUsG1

Impact: Significant distortion of $DROP/XRP trading metrics, potential loss of investor confidence.

Request: Any investigation, flagging, or mitigation steps to help maintain a fair and transparent environment on XRPL.

Thank you for your time and assistance. If additional information is required, please let us know.

Team $DROP
CA/ https://xrpscan.com/account/rszenFJoDdiGjyezQc8pME9KWDQH43Tswh
W: https://xrp-drop.com/
X: https://x.com/DropCoinXRPL
TG: https://t.me/DropXRPL