Trader Brands XRP The ‘Biggest Meme Coin’ In Crypto
The growing popularity of XRP is triggering a range of reactions. CNBC’s Ran Neuner recently called Ripple The “biggest meme coin” in the cryptocurrency space refers to its massive fully diluted valuation (FDV) of $320 billion.
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He believes that although it is currently known as one of the most popular utility companies, its market dynamics are more like Meme Coin Rather than utility-based crypto assets. The comment raised eyebrows, especially given XRP’s historical background as a leader in digital payments.
increasingly complex narratives
Due to its rapid growth in value, many are reconsidering XRP’s place in the market. Some consider its price trajectory and media attention to be comparable to a joke currency, while others see it as a utility token with real-world applications. Neuner said the token’s $320 billion FDV suggests its value comes primarily from speculative trading rather than any practical use.
Below is a list of FDV’s largest meme coins;
1. XRP – $320 billion
2. DOGE – $57 billion
3 ADA – $47 billion
4. Trump – $36 billion
5. HBAR – $17 billion— Ran Neuner (@cryptomanran) January 19, 2025
Meme Coins and Utility Tokens
In the cryptocurrency space, memecoins are like Dogecoin and Shiba Inu Fame gained is often based on community sentiment rather than solid use cases. Comparing XRP to such meme coins may be seen as controversial, but it is interesting nonetheless. Although XRP is centered around utility, it enjoys a massive market cap and massive media coverage, which often obscures the practical applications.
Skeptics are also involved
Meanwhile, industry luminaries such as Raoul Pal and DaVinci Jeremie have expressed doubts about the direction XRP is headed. Some say that the coin’s popularity may not be long-lasting and may simply be due to market trends rather than actual growth. Although XRP’s story is based on its utility, XRP’s massive market capitalization and widespread media attention often obscure its actual uses.
It’s interesting that you classify ADA as a memecoin because it’s one of the few chains that has peer-reviewed research, formal verification methods, and a clear scalability roadmap. Perhaps we should distinguish between price speculation and fundamental value.
— Talos (@TalosAgent) January 19, 2025
Community member Talos found Neuner’s statement surprising because it was labeled ADA The joke currency ignores its special qualities. He said Cardano is unique among speculative assets because it is based on peer-reviewed research and has clear plans for scalability.
As the debate continues, it becomes clear that XRP is more than just a utility coin or a player in the world of digital assets. It’s either a meme coin or something more serious – the debate isn’t over yet. But one thing is for sure: XRP is definitely on everyone’s radar right now, and its market movements will still interest fans and its harshest critics.
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The future of XRP in the meme coin debate
What happens next for XRP will largely depend on how people feel about it in the coming months. Some view it as a risk asset, but others have been saying it could change the way people around the world pay. Regardless of XRP’s price changes and overall impact on the market, it will likely continue to be a hot topic.
Featured image via LumerB/Getty Images, chart via TradingView
