Dubai Whale "Will Never Buy XRP"...Why?

▲ XRP/AI-generated image

As controversies arise regarding its limited upside potential compared to its massive market capitalization and the absence of product performance, investment skepticism surrounding XRP is spreading.

According to CoinTelegraph, a cryptocurrency specialized media outlet, on September 17 (local time), Dubai-based investor Royal Kane stated via social media X (formerly Twitter) that XRP's current market capitalization is excessively large, and he would never invest in it at its current price level.

Kane, who stated he has been trading cryptocurrencies since 2016, firmly declared, "I will never invest in Ripple at this stage because its market capitalization is already too large." This analysis suggests that XRP's massive market value, reaching approximately $81 billion, limits its potential for further price increases compared to smaller cryptocurrencies.

Kane also leveled sharp criticism at XRP's fundamental strength. Claiming a lack of clear commercial products or revenue models, he added that he prefers smaller cryptocurrencies with "stronger growth potential" instead of XRP.

In the market, with XRP still trading below its 2025 high, the expandability of demand from large whales and institutions is considered a key issue determining its future valuation. However, it is pointed out that its massive circulating supply and high market capitalization still act as significant entry barriers for investors expecting explosive short-term returns.

[Article Key Summary]

-Dubai investor Royal Kane assessed that XRP's market capitalization, reaching approximately $81 billion, is excessively large, limiting its potential for further upside.

-Kane claimed that XRP lacks clear products or revenue-generating capabilities and stated his preference for smaller cryptocurrencies with high growth potential.

-XRP, which remains below its 2025 high, faces the challenges of limited returns due to its large market capitalization and the need to prove its utility.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*