Solana Foundation Manager Vibhu Says XRP Growth Remains “Extremely Mediocre” Amid Viral Price Claims

robot
Abstract generation in progress

Solana’s Vibhu says XRP Ledger activity has stayed flat for three years despite strong community optimism.

XRP handles 1.5M daily transactions, far below Solana’s 100M and $2T monthly stablecoin transfer volume.

Viral XRP post predicting $10,000–$35,000 price draws skepticism as analysts question data-backed feasibility.

Vibhu, a manager at the Solana Foundation, has criticized the current state of XRP Ledger activity, calling its growth “extremely mediocre” despite widespread optimism within the XRP community

Speaking on social platform X, Vibhu said that although he wants Ripple and XRP to succeed, the data “does not argue with facts.” His comments came as XRP supporters circulated viral predictions claiming the token could soar to between $10,000 and $35,000.

Solana Outperforms XRP in On-Chain Activity

According to Vibhu, data from XRP Scan shows that XRP Ledger’s daily active accounts have remained around 25,000 for the past three years. Over the same period, Solana has averaged more than 2.5 million daily active accounts, about 100 times higher

He also noted that while XRP processes roughly 1.5 million transactions daily, Solana handles nearly 100 million.

Vibhu added that XRP’s monthly transfer volume stands between $50 billion and $60 billion, while Solana’s stablecoin transfers alone reached almost $2 trillion in October, citing data verified by Blockworks

Addressing common skepticism about inflated figures, Vibhu explained that the Solana data excludes wash trading and bot activity. Since both XRP and Solana have similarly low fees, he said there is no clear reason why bots would target one network over the other.

Viral Post Sparks Unrealistic Price Speculation

The XRP community’s excitement was fueled by a viral post from the account XRP racers claiming a “Strategic Reserve” had been activated for XRP. The post, featuring a 14-second video titled “XRP = 10,000–35,000,” cited Value Capital’s projections and quickly gained thousands of views and comments. Many users questioned the feasibility of the prediction, while others embraced it as proof of XRP’s future dominance.

Ripple’s Institutional Reach and Market Position

Ripple’s On-Demand Liquidity network facilitates more than $1.3 trillion in cross-border transactions annually and involves major banks such as Santander and SBI Holdings. XRP currently trades around $2.50, giving it a market capitalization of about $140 billion

Analysts noted that if the token were to reach the projected $10,000 to $35,000 range, its value would jump to between $428 billion and $1.5 trillion. However, the data highlighted by Vibhu points to a widening gap between XRP’s market enthusiasm and its present on-chain performance.

The post Solana Foundation Manager Vibhu Says XRP Growth Remains “Extremely Mediocre” Amid Viral Price Claims appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

SOL1.56%
XRP0.91%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)