Ripple's $750 Million Buyback Sparks Mixed Reactions | XRP Under Scrutiny
Ripple Labs is launching a $750 million share buyback program through April, potentially raising its valuation to $50 billion鈥攁 25% increase from its November 2025 valuation. As the company pushes deeper into financial services, reactions from the crypto community are divided, particularly regarding XRP's future.
Expansion Beyond Crypto
In addition to the buyback, Ripple has made significant moves by acquiring Hidden Road for $1.2 billion and GTreasury, alongside pursuing a financial services license in Australia. The company also claims to have facilitated over $100 billion in transactions, with its stablecoin, RLUSD, surpassing a $1 billion market cap since its launch in December 2024.
Growing Frustration from Community
The latest comments on various forums reveal deep frustrations among people, particularly aimed at XRP. Notably, one comment asserted that "any coin with a premined supply given to its founders is a scam." Another said, "they're not buying back XRP. They're buying back shares from VCs and private investors." This reflects growing concerns over Ripple's commitment to its foundational digital asset.
Interestingly, a sentiment emerged that reflects unintended humor among the community: "XRP always brings a smile to my face it鈥檚 amusing people let their emotions get in the way of making money."
Curiously, people are questioning the nature of the buyback itself. Some argue it's just a way for the company to generate funds, emphasizing that Ripple "sells about 5% of the total circulating supply of XRP annually."
Key Insights
馃挵 Ripple鈥檚 buyback program could elevate its valuation to $50 billion.
鈿狅笍 Community sentiments are negative, with skepticism surrounding XRP's standing.
馃搱 RLUSD remains strong, boasting a market cap of over $1 billion since December 2024.
**鈥淚 really don鈥檛 get what motivates people to buy it,