A heated debate over XRP supply shocks has erupted on social media, fueled by claims that ETFs are depleting liquid supply. Some users referenced a Glassnode chart to support this assertion. However, a dUNL validator known as Vet countered these claims, highlighting that exchange balances remain near 16 billion XRP and emphasizing the rapid changes in market liquidity due to price and incentives. Vet described the supply shock narrative as misleading. Meanwhile, Dman Trader expressed concerns about custody and escrow arrangements, suggesting that the effective float of XRP could decrease. This ongoing discussion underscores the divide between influencer narratives and actual XRP liquidity conditions in the market.