A recent ETF filing with the U.S. Securities and Exchange Commission (SEC) has highlighted significant risks of whale manipulation in the XRP market. The Cyber Hornet S&P500/XRP ETF prospectus points out that a small number of large holders control a substantial portion of XRP's supply, potentially affecting prices and market stability. Attorney Bill Morgan stressed the importance of this acknowledgment by institutional entities. The filing also addresses structural challenges facing XRP, such as its fixed supply and the absence of mining or staking rewards, which contribute to liquidity and volatility issues. These factors are crucial for investors to consider as they could impact the overall market dynamics of XRP.