Pumpius, an investor known as an early bitcoin investor, placed a $1 million buy order for XRP around the $1 price level.

On Feb. 7 (local time), blockchain outlet The Crypto Basic reported that Pumpius has publicly said he has bought bitcoin since 2013. On X, formerly Twitter, he said he set limit orders to buy $1 million worth of bitcoin at $66,500 and $1 million worth of XRP at $1. He also urged investors who support him to "bookmark" the information.

Pumpius later said the bitcoin order was filled. Bitcoin briefly touched $60,000 last week, and his bitcoin buy order was reported to have been filled first during that move. The XRP buy order at $1 has not been filled yet, it was said.

He has also previously disclosed a buy order at the same level, $1, in December last year when XRP was trading in the $2 range. The order was not filled then because the price was far away, but it is drawing attention again as the recent plunge brings XRP closer to the $1 zone. Some interpret Pumpius' order as positioning for the possibility that XRP could again test $1, seen as a psychological support level.

XRP has fallen about 8 percent over the past 24 hours, and the weekly drop has also widened, increasing volatility. With XRP down around 70 percent from its July 2025 high of $3.66, some in the market have raised the view that this correction is a record-scale correction.

Zach Rector (잭 렉터), known as an XRP community commentator, said, "XRP may briefly fall below $1, but it will not last long." He said he is preparing a buy order through brokerage firm Caleb & Brown. This is interpreted as meaning some market participants are taking the decline as an 'accumulation' opportunity ahead of the next upswing.

Considering past cases in which XRP plunged and then rebounded sharply, some investors also appear to be viewing the current decline as a buying opportunity. In October last year, XRP rebounded quickly after heavy selling, and an assessment emerged that investors who had placed waiting orders in the bottom zone benefited. As indicators suggesting fear in the cryptocurrency market has recently tilted to an extreme are also being mentioned, views are diverging between those wary of further declines and those preparing for a rebound.

XRP has rebounded to around $1.44, but some analysts are not ruling out the possibility of an additional drop to $0.50. With volatility expanding, whether XRP retests $1 and whether the rebound continues are seen as key near-term points to watch.