Oh, honey, the crypto world is at it again! On October 30, 2025, the age-old question of “What the hell is XRP actually for?” reared its confusing head, thanks to crypto guru Scott Melker. 🧐 He bravely asked the internet if XRP still has a purpose beyond being Ripple’s fancy accessory. Spoiler alert: the internet had thoughts. 💥
XRP’s Identity Crisis: Token or Just a Pretty Face?
Melker, bless his heart, took to X (yes, that’s what we’re calling it now) to inquire, “What’s the current pitch for XRP? The token, not Ripple, the company.” 🧵 He wasn’t trolling-just genuinely curious. He pointed out that Western Union chose Solana for their stablecoin, and Swift went with Linea on ETH. Ouch. 😬 “Stablecoins are running the show,” he said. “So, what’s XRP’s deal? Asking for a friend.” The post went viral, because of course it did. 📈
The XRP army swiftly responded, claiming XRP isn’t here to compete with stablecoins. Oh no, it’s a “liquidity bridge”-whatever that means. 🌉 One enthusiast declared, “XRP represents mobility!” 🏃♀️🚀 Another added, “It’s the neutral asset connecting all forms of money!” Sounds fancy, but Melker wasn’t buying it. “This makes no sense,” he replied. “Why not just use a stablecoin? Zero volatility, zero drama.” 🤷♂️
Former CoinRoutes chairman Dave Weisberger chimed in, dropping truth bombs left and right. 💣 “People buy XRP because it’s a meme,” he said. “Just like Doge. It’s about the community, not the utility.” Ouch, again. 😖 He argued Ripple’s balance sheet is propped up by XRP, meaning its price can’t crash without causing a financial meltdown. “Make of that what you will,” he added, “but the delusions of 100x returns are blinding you.” 🔥
The XRP camp clapped back, insisting the token is “foundational”-whatever that means. 🏗️ One defender claimed, “The XRP Ledger can’t exist without XRP!” Well, duh. 😐 Melker, ever the pragmatist, pointed out the gap between what XRP could do and what it’s actually doing. “Nobody can tell me what’s happening now,” he said. “Stablecoins are eating the world.” 🌎🍴
At press time, XRP was trading at $2.56. Meanwhile, the drama continues. Popcorn, anyone? 🍿
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2025-10-30 18:43