Popular crypto analyst ‘Crash’ who has over 265k followers on X posted an interesting tweet this month, calling XRP a ‘meme coin’. Let’s analyze what’s behind this bold claim.
Crash’s tweet suggests that typical XRP investors are financially drained from past losses. The crypto’s history has been rocky, with a lengthy consolidation period, the shadow of the SEC lawsuit, and several false breakouts that left many holders underwater.
According to Crash, major investors or “whales” aren’t interested in XRP at this stage. While it’s difficult to precisely measure institutional interest, XRP hasn’t generated the same level of big-player enthusiasm as Ethereum or Solana, especially after the SEC legal battle.
The tweet also highlights concerns about potential selling pressure. Crash points to Ripple’s token release schedule (approximately 1 billion XRP monthly) as a source of downward price pressure. Though much of this typically returns to escrow, the tokenomics have faced criticism in the past.
One clearly inaccurate point in the tweet is the claim that XRP has increased “5-6x in the last months.” In reality, XRP has mostly traded between $2.00 and $3.00 over the past 4 months which is much more modest movement.
Everyone who you would consider your typical buyer of XRP is BURNED and stupidly low on cash, rich ppl or “whales” u want to buy ur bags are not stupid enough to be risk on, on Xrp right now
There is ENORMOUS potential sell pressure from
team + investor/inside supply AND… https://t.co/s2Tzzwq8fe pic.twitter.com/MrZTWzODRd
— Crash (@CrashiusClay69) April 9, 2025
The “Meme Coin” Allegation
The core of Crash’s criticism is the claim that “XRP is the biggest meme coin in disguise… no activity or revenue on-chain.” This comparison to meme coins appears intended as an insult, suggesting XRP lacks genuine utility despite its market cap.
This criticism misses an important point: XRP wasn’t designed as a DeFi platform. Its primary use case has always been cross-border payments, not NFTs or yield farming. That said, XRP’s on-chain metrics do lag behind newer smart contract platforms.
Some fair points in the criticism include XRP’s relatively low on-chain activity compared to blockchains like Solana or Ethereum. The monthly token releases from Ripple have also been a lingering concern for investors.
The narrative around XRP also appears dated to many newer crypto investors. While XRP was once at the forefront of the “utility token” conversation, market attention has shifted toward AI tokens and meme cryptocurrencies.
However, dismissing XRP as a meme coin overlooks factors: its partial regulatory clarity after the SEC case, established banking partnerships, and its original use case that remains relevant in global finance.
Read also: XRP Price Flashes a Hidden Warning Sign as Network Activity Crashes – Analyst Weighs In
Should XRP Holders Be Concerned?
If you’re holding XRP based on its cross-border payment technology and potential integration with traditional financial systems, this tweet represents more noise than signal—it’s largely frustrated bearish sentiment presented as analysis.
However, if you’re expecting rapid price appreciation, it’s worth acknowledging that XRP isn’t currently capturing retail excitement the way meme coins or AI tokens are. Its limited on-chain engagement means it may not be positioned for quick gains in the current market environment.
The liquidity concerns seem overblown, as XRP still maintains daily trading volumes in the hundreds of millions of dollars. While it may not be the hottest token in the market, it’s far from abandoned.
What we’re seeing is likely a bear’s emotional take that contains some valid criticisms buried under dramatic language. Calling XRP a “disguised meme coin” makes for attention-grabbing social media content, but doesn’t represent a balanced assessment of its position in the cryptocurrency ecosystem.
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