XRP Up 11%, But One Trader Takes On The Bulls: ‘Even $1 Is Expensive For XRP’

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XRP (CRYPTO: XRP) is facing renewed criticism over its tokenomics and valuation, even as Ripple pushes the XRP Ledger into the emerging market for AI-agent payments.

‘Token Is Optional Infrastructure, Not Essential Utility’ 

Crypto trader Moody Hank argued on June 14 that XRP may still be expensive even near the $1 level, citing the token’s large supply, escrow structure and Ripple’s continued holdings.

He noted that XRP has a total supply of 100 billion tokens, with about 58 billion currently circulating and roughly 36 billion still held in escrow.

The trader criticized XRP’s pre-mined launch structure and argued that Ripple’s monthly escrow unlocks create a steady source of selling pressure.

“Every single month Ripple unlocks up to 1 …

Full story available on Benzinga.com

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