Don’t take $XRP , really
There’s a friend around me who has held $XRP for more than two years
Yesterday I saw the news that Ripple's valuation is 50 billion, and someone in the small group sent a message: "The company has won big, but my coins are still losing"
No one responded. Because they didn’t know how to reply
I looked it up — Ripple just completed a round of 750 million USD share buyback, corresponding to a valuation of 50 billion. It has risen by 25% compared to four months ago. In the same week, XRP fell by 1.4%.
Last July, ATH $3.55, now $1.38. It has dropped by 62%.
During the time the company's valuation rose by 10 billion, the coin price hardly moved.
I checked what Ripple has done in the past year
- Acquired Hidden Road for 1.25 billion
- Acquired GTreasury for 1 billion
- Obtained an Australian license
- Joined the Mastercard crypto partner program
- Processed over 100 billion USD in transactions
- Ranked among the top ten most valuable private companies globally
Then you look at the $XRP community
Someone said something very heart-wrenching: "All of Ripple's income goes to shareholders, and there’s no binding with XRP holders"
I thought about it... It does seem to be the case.
The buyback is for equity, not XRP. The acquisitions are made with cash and stock, not XRP. Ripple's valuation has increased, making shareholders' shares more valuable.
What about XRP? Still $1.38.
The money made by shareholders and the money made by holders have never been on the same track.
Let’s look at another piece of data. Goldman Sachs holds 154 million USD in XRP ETF, which is the largest institutional position. Sounds impressive, right?
But Bloomberg analyst Balchunas said a harsh truth: "This is most likely XRP super fans buying, not institutions."
I checked the 13F data — the institutional holding ratio of XRP ETF is only 15.9%. SOL ETF is 48.8%. BTC is 24.1%.
This means that over 80% of the buying in the XRP ETF is retail investors. Goldman’s position is actually an exception.
So the current picture is like this: Ripple's valuation is 50 billion. Cooperation with Mastercard. Goldman is buying. SEC has basically loosened its grip.
XRP, $1.38.
Either it’s a wrongful killing. Or the market is stating an unwelcome fact: Ripple ≠ XRP.
I don’t know which answer is correct. But if your logic for holding XRP is "Ripple is becoming more valuable, XRP will eventually catch up,"
you might need to think again about whether the part that makes Ripple valuable has actually flowed into XRP.
There’s a friend around me who has held $XRP for more than two years
Yesterday I saw the news that Ripple's valuation is 50 billion, and someone in the small group sent a message: "The company has won big, but my coins are still losing"
No one responded. Because they didn’t know how to reply
I looked it up — Ripple just completed a round of 750 million USD share buyback, corresponding to a valuation of 50 billion. It has risen by 25% compared to four months ago. In the same week, XRP fell by 1.4%.
Last July, ATH $3.55, now $1.38. It has dropped by 62%.
During the time the company's valuation rose by 10 billion, the coin price hardly moved.
I checked what Ripple has done in the past year
- Acquired Hidden Road for 1.25 billion
- Acquired GTreasury for 1 billion
- Obtained an Australian license
- Joined the Mastercard crypto partner program
- Processed over 100 billion USD in transactions
- Ranked among the top ten most valuable private companies globally
Then you look at the $XRP community
Someone said something very heart-wrenching: "All of Ripple's income goes to shareholders, and there’s no binding with XRP holders"
I thought about it... It does seem to be the case.
The buyback is for equity, not XRP. The acquisitions are made with cash and stock, not XRP. Ripple's valuation has increased, making shareholders' shares more valuable.
What about XRP? Still $1.38.
The money made by shareholders and the money made by holders have never been on the same track.
Let’s look at another piece of data. Goldman Sachs holds 154 million USD in XRP ETF, which is the largest institutional position. Sounds impressive, right?
But Bloomberg analyst Balchunas said a harsh truth: "This is most likely XRP super fans buying, not institutions."
I checked the 13F data — the institutional holding ratio of XRP ETF is only 15.9%. SOL ETF is 48.8%. BTC is 24.1%.
This means that over 80% of the buying in the XRP ETF is retail investors. Goldman’s position is actually an exception.
So the current picture is like this: Ripple's valuation is 50 billion. Cooperation with Mastercard. Goldman is buying. SEC has basically loosened its grip.
XRP, $1.38.
Either it’s a wrongful killing. Or the market is stating an unwelcome fact: Ripple ≠ XRP.
I don’t know which answer is correct. But if your logic for holding XRP is "Ripple is becoming more valuable, XRP will eventually catch up,"
you might need to think again about whether the part that makes Ripple valuable has actually flowed into XRP.