Is $XRP the "Biggest Financial Scam"?

The saying, there is never a dull day in cryptocurrency, has once again come true with the latest comments from a researcher about one of the top cryptocurrencies like XRP. Researcher Aylo calls XRP the biggest financial scam the world has ever seen. Such a bold accusation against Ripple and its token has sparked various reactions from the cryptocurrency community.

Aylo, a researcher at Alpha Please, recently posted an article on X calling XRP the "biggest financial scam." To support his accusation, Aylo cited the 24-hour DEX trading volume of the XRP Ledger as $44,000, according to DefiLlama. He added that no other cryptocurrency has achieved a market capitalization of $140 billion while generating less value. How much is the actual 24-hour trading volume of XRP Ledger at 44,000 dollars or 9 million dollars? Ripple's Chief Technology Officer, David Joel Katz Schwartz, responded to Aylo's post. Since $44,000 is too low for 24-hour DEX volume, the CTO of Ripple suggested that they only consider the AMM of XRPL. His post stated: "I can't find the exact page you are viewing, but I bet it's just the AMM viewing page on XRPL, a very small part of what people use XRP for."

In response to the same post, the dUNL Vet validator posted another message supporting the project. He stated that XRP could be considered the biggest opportunity market in the entire cryptocurrency space. Vet also corrected the 24-hour DEX volume, saying that the actual volume is 9 million dollars, not 44 thousand dollars. However, the comments section also includes some posts claiming that XRP is a scam with little or no value. While one comment raises concerns about the legitimacy of the XRP token supply, other comments confuse the 24-hour DEX volume with the 24-hour trading volume of XRP. Despite having a large community, the true value of XRP and the strength of its fundamentals still pale in comparison to other leading cryptocurrencies like Ethereum and Solana. A nearly four-year-long lawsuit against Ripple has recently been concluded by the SEC under the new Trump administration. Only time will tell which cryptocurrency is the real gem with real-time utility and strong fundamentals.