Source: BlockBeats
Author: Peggy
Original Title: After Winning a $100 Million Lawsuit, XRP Doesn't Want to Be a "Cult Coin" Anymore
Yesterday, the decentralized asset management platform Trident announced the launch of an XRP treasury financing plan with a maximum of $500 million and hired Chaince Securities LLC as a strategic advisor.
Against the backdrop of waning retail enthusiasm and cooling community discussions, this news has drawn market attention: Why do institutions still choose to allocate a large amount of XRP as an on-chain reserve asset? Does this mean that the retail army once known as the "XRP Army" is gradually being replaced by institutional funds?
XRP is one of the earliest blockchain projects to enter the public eye, but it has long suffered from labels such as "centralized," "entangled in lawsuits," and "lacking innovation." The five-year-long tug-of-war lawsuit with the SEC, slowed technical iterations, and weak community engagement once made it a representative of an "old-era project." However, since 2024, XRP's ecosystem has been quietly shifting: its price is approaching historical highs again, XRPL is building infrastructure around sidechains, stablecoins, and DeFi modules, and corporate buying and development investment are gradually warming up. These changes, though not loud, are accumulating substantial progress on multiple indicators.
This is not a "comeback" narrative reversal, but a structural reconstruction completed in low-attention circumstances. This article will observe how XRP walks a second path of "neither exploding nor perishing" from the perspectives of capital flow, ecosystem evolution, and on-chain data.
Is XRP "Turning Around"?
Strategic Buying: Who is Buying XRP?
Although the mainstream narrative has not been updated, the fund choices in the real world are providing another answer. Despite XRP's "old coin" image in the crypto community not yet fading, the real-world capital flow has quietly turned.
In the past year, this project long viewed as a "centralized legacy" has not fallen into oblivion. Instead, its price has been stable around $2, maintaining resilience through multiple market corrections. By the end of 2024, XRP's market cap briefly exceeded USDT, returning to the top three global crypto assets; its on-chain TVL also grew from less than $10 million to over $40 million during the same period.
[Image]
Meanwhile, a group of institutions has begun to re-evaluate XRP's asset attributes and include it in medium to long-term allocation ranges. On May 30, Hong Kong tech enterprise Webus International launched a $300 million financing plan to use XRP for global payment systems. The next day, Nasdaq-listed energy enterprise VivoPower announced completing a $121 million private placement to build an asset reserve mechanism centered on XRP, led by a Saudi royal family member and a Ripple ecosystem senior advisor. On June 12, Trident DAO launched an XRP treasury plan with a cap of $500 million, incorporating it into on-chain governance and asset-linked tools.
These practical cases from energy, transportation, and Web3 financial fields collectively indicate that corporate perception of XRP has moved beyond controversy labels or market narratives, gradually viewing it as a realistic option of a "low-volatility digital asset." Especially as the SEC regulatory case approaches its end and Ripple perfects its compliance path, XRP's legal uncertainty has been somewhat alleviated, and its low transaction fees and high settlement efficiency better match cross-border payment and financial allocation needs.
Although technical updates are still in progress, these funding behaviors have constituted a non-emotional, medium-term planning asset selection logic. In other words, even if the community still has doubts, the other side of the market is redefining its value through actions.
Ecosystem Reconstruction: No Longer Just a Payment Chain?
[Rest of the text continues in the same professional translation style]
Not the Protagonist, But Alive
Despite the gradual ecosystem expansion, XRP's perception in mainstream communities remains stuck in old impressions. For many crypto-native users, XRP is still a project "lacking consensus".
This emotional gap is particularly evident on social platforms. Facing continuous positive news, some users helplessly comment, "Please stop with the good news, the price is falling again". This sarcastic remark, to some extent, captures the current real situation of the XRP community: continuous construction without emotional uplift; structural evolution without market recognition.
In summary, XRP may no longer be the narrative center and might not be suitable for short-term investors seeking explosive growth. However, it continues to build, is still incorporated into institutional financial systems, and developers are still constructing financial infrastructure. In an industry where a project's lifecycle rarely exceeds five years, simply "still being alive" might already be rare enough to warrant another look.
