$XRP holders: Does the attached screenshot about Ripple doing stock buybacks make clear to you the difference between $XRP vs protocols that have actually aligned tokens? Ripple is trying to make Ripple Labs valuable; not XRP. Ripple Labs dumps XRP -> Ripple Labs stock buy backs VS Chainlink protocol revenue -> LINK token buyback Aave protocol revenue-> AAVE token buyback Hyperliquid protocol revenue -> HYPE token buyback PumpFun protocol revenue -> PUMP token buyback Ethena protocol revenue -> ENA token buyback Maple protocol revenue -> SYRUP token buyback Jupiter protocol revenue-> JUP token buyback Ethereum protocol revenue -> Gas fees + MEV to stakers Solana protocol revenue -> Gas fees + MEV to stakers

XRP is two things: 1. It's a gas token for an irrelevant, obsolete ghostchain. XRPL is ranked 50th by TVL, less than 1% market in tokenized RWAs, less than $10M per day in dex volume (50X less than Ethereum or Solana). XRPL is so irrelevant that not even Ripple wants to use it, which is why they issued 90% of RLUSD on Ethereum. It's so irrelevant that since 2012, only .014% of total XRP supply has been burnt on it from use. 2. A "bridge currency" on XRPL 1. However, there will be many chains with value all over the place. XRPL is being ignored by major asset issuers. For example, Visa just launched four stables on four chains a few days ago; ignored XRPL. XRPL offers absolutely nothing special for why it would have more assets issued on it than other chains (already miserably failing), and it lacks smart contracts to even be competitive to attract them. 2. Bridge currencies don't accrue value, as I just showed you because they are bought and immediately sold. 3. Financial institutions will not be using a bank-themed meme coin to transact. See attached post from Swift CIO who explains that XRP solves ABSOLUTELY NOTHING for banks.

The XRP community has been getting gaslit in their echo-chamber for so long, their understanding of the state of blockchain technology is still frozen in 2014. What the XRP community doesn't understand is that XRP was designed in 2011. This was years before we had: 1. Smart contract blockchains 2. Stablecoins, tokenized deposits, deposit tokens 3. Chainlink platform that moves data and value, and connects onchain and offchain sytems. The **combination** of these technologies allow for cross-chain, cross-border, atomic DvP (Delivery vs Payment) and PvP (Payment vs Payment) swaps to execute **WITHOUT** a bridge currency, and allows the counterparties to settle that transaction on any of *hundreds* of blockchains. Here is another example of a workflow from a recent report published by Visa that illustrates what I am describing very clearly: Look at this workflow of a Hong Kong CBDC being exchanged for an Australian dollar stablecoin via Atomic Payment vs Payment (PvP) with Chainlink, Visa, ANZ, China AMC, and Fidelity International. This transaction is a cross-border, cross-chain atomic PVP swap: Payment-vs-Payment (PvP) trade settlement of a bank-issued stablecoin (A$DC) on a permissioned chain (ANZ DASChain) against a CBDC (e-HKD) on a public blockchain (Ethereum Sepolia) Look at steps 1 through 4 in the Payment vs Payment flow. Nowhere in those steps is there a "bridge currency" like XRP or usage of XRPL.

What XRP isn't: A bet on fundamental exposure to a "banks + blockchain" thesis around a utility token. What XRP is: Being long on a community of low human capital, conspiracy theory-obsessed, QAnon cult, gullibe rubes, who believe a secret cabal of global elites are suppressing information about XRP's destiny as a global reserve asset, yet, all of the Uber drivers know about this secret plot, or that the secret cabal is using the SEC to go after Ripple because their tech is so good that the banks are scared of them (yet the chain sits at 50th by TVL), or 1700+ NDAs (which are just market maker agreements for Ripple to dump XRP), fake bank partnerships, belief that being a "bridge currency" makes a token valuable, and even believe that marketcaps aren't real. The entirety of the XRP marketcap is based on: 1. Fake hype and misinnformation about banks, SWIFT, DTCC, ISO20022 coins, FedNow, secret cabals, 1700 NDAs, etc. 2. The false belief that being a "bridge currency" makes a token valuable. (bridge currency -> every buy comes with an equal sell momentarily later) 3. Falsely conflating that you have exposure to the annoucements Ripple and Garlinghouse are making by owning XRP. 4. Believing a $3 coin is cheap because you have no idea what a marketcap is. The attached image is the type of slop that the XRP marketcap stems from: