Crypto Hedge Funder Slams Ripple’s XRP As A Meme Coin With No Utility; Here’s Why ⋆ ZyCrypto

By: bitcoin ethereum news|2025/05/16 09:30:06

Ripple-promoted cryptocurrency XRP is often touted as a game-changer for payments and cross-border transactions. The CIO of crypto hedge fund Arca, however, has questioned the financial utility of XRP. “XRP Has No Financial Utility” Jeff Dorman, the CIO of Arca, has dismissively described XRP as a “meme coin.” To back his assertion, the crypto hedge funder cited U.S. President Donald Trump’s meme coin, $TRUMP, as the perfect token to understand crypto valuations. Dorman noted that the $TRUMP token had only the “social” value upon its launch, as there were no cash flows, and users could not do anything with the token. However, the game changed after the team behind the meme coin announced that President Trump is set to host an exclusive gala dinner at the Trump National Golf Club in Washington, D.C., for top $TRUMP holders on May 22. Dorman argues that the dinner feature added utility value to the Solana-based meme coin. Meanwhile, he thinks XRP has no utility or financial value despite being one of the top 10 cryptocurrencies by market cap. According to the Arca exec, XRP’s market cap has soared to around $150 billion, mainly due to social value. But it’s not all doom and gloom for XRP. Dorman says XRP’s social value has become so big that the payments token may add utility due to Ripple’s dollar-pegged stablecoin, Ripple USD (RLUSD), which was deployed on the company’s institution-focused XRP Ledger and Ethereum blockchain in December 2024. “Social value is real, but quantifying that value is impossible. Utility value is a little easier to measure, but still hard. When a token is useful, you can estimate how much it’s worth to use, and therefore estimate demand,” Dorman explained. XRP could also add financial value in the future through acquisitions, for instance, if Ripple purchases stablecoin issuer Circle. Reports late last month indicated that Ripple bid up to $5 billion as part of an attempted takeover of Circle, which was rejected as being too low. Bitwise president Teddy Fusaro suggested at the time that Ripple could buy a lot of crypto companies if they wanted, as the company currently holds over $93 billion in XRP. Source: https://zycrypto.com/crypto-hedge-funder-slams-ripples-xrp-as-a-meme-coin-with-no-utility-heres-why/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.