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Never hold $XRP again, seriously.
I have a friend who has held $XRP for over two years.
Yesterday, I saw the news that Ripple's valuation is $50 billion, and someone in our small group said, "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 $750 million share buyback, corresponding to a valuation of $50 billion. It has increased by 25% compared to four months ago. In the same week, XRP dropped by 1.4%.
Last July, the ATH was $3.55, and now it's $1.38. It has dropped by 62%.
During the time when the company's valuation increased 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 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 were made with cash and stock, not XRP. Ripple's valuation has increased, making the shareholders' stakes more valuable.
What about XRP? Still at $1.38.
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