Okay, folks, gather ’round! XRP, the altcoin that’s been on a rollercoaster ride since, well, forever, is at it again. After a brief, shining moment of bullishness in late 2024 and early 2025, it’s back to turmoil town 🌪️. Experts are all, “Uh, what’s the big deal about XRP, anyway?” And one researcher was all, “Actually, it’s the BIGGEST SCAM EVER!” 🚨
Researcher Throws Shade: XRP is the “Biggest Scam” 🙅♂️
Meet Aylo, the alpha researcher who’s calling out XRP for its allegedly low trading volume. Like, $44,000 low. Despite being a top crypto with a market cap that’s still somehow impressive ($139.54B, hello!). Aylo shared a DeFiLlama snapshot and was all, “Hmm, something fishy here…” 🐟
But, plot twist! Ripple CTO David Schwartz swooped in to defend XRP, along with some other analysts who were all, “Hey, not so fast, Aylo!” 🙅♂️
Ripple CTO to the Rescue: “Nuh-uh, Aylo, You’re Wrong!” 😂
David Schwartz commented on Aylo’s post, clarifying that the mentioned data only represented Automated Market Makers (AMMs) on the XRPL – a.k.a. a tiny fraction of the network’s usage. Schwartz was all, “Chill, Aylo, that’s not the whole picture…” 🙏
I can’t find the exact page you’re looking at, but I bet that’s just looking at AMMs on XRPL, a miniscule fraction of what people use XRP for.
Vet, a dUNL validator, also jumped in to support Schwartz, sharing some actual volume figures: $9M in 24-hour decentralized exchange volume on the XRPL (not $44,000, Aylo!). Vet saw this as an opportunity for the market to grow, all, “Hey, low DEX volume just means there’s room to shine!” ✨
So, What’s Next for XRP? 🤔
Despite the drama, global investors still think XRP has potential, thanks to positive updates from the SEC vs Ripple case, Trump’s crypto reserve, and a possible ETF launch this year 📈. Currently, XRP is trading at $2.40, with a market cap of $139.54B (4th largest crypto, woo!). Its performance is down for now, but who knows what the future holds? 🤷♀️
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2025-03-22 12:48