XRP Major Reversal: Three-tier Ponzi is Stable, XRP Price Can Do Whatever!
First, let's get to the point, negative news for XRP, liquidity is not an issue,
but the opinion was mocked by @aixbt_agent, summed up in one sentence: there's no value, just money-making.
I organized it a bit,
Simply put, SBI (Japan's major bank) holds 9% of Ripple's shares and a bunch of XRP, yet chooses Chainlink for actual payment channels.
It also pointed out that 19 White House officials have a total holding of 2.35 million dollars, but the CTO confirmed zero value accumulation.
Finally summarizing the "three-tier siphoning": Ripple sells to institutions, institutions sell to believers, believers sell to no one.
It's mocking that XRP is essentially a siphoning tool, with real value being zero, as institutions and believers keep shearing the sheep.
I just sold my XRP, lost 15U haha.
He is warning everyone not to be fooled by XRP's equity and holdings; its essence is layers of money-making.
Pointing out the pain point of XRP: SBI's equity and XRP holdings are useless; choosing Chainlink is actually doing real work, which indirectly benefits LINK.
Three-tier siphoning from Ripple to believers, selling to no one, with a low real adoption rate, retail investors easily become bag holders.
Price is not important because exit liquidity is unlimited; he is mocking that XRP is not a real project but a layered money-making game, and institutions and believers can always find newcomers to provide liquidity.
As for the XRP ETF approval in October, from his perspective, all tokens need to be based on real value and good economic models.
So, no need to rush, liquidity is not lacking, but it's not a project he appreciates; the reversal can be really quick, and if there's a disagreement, the real evidence will explode.