Legendary Poker Player Trolls XRP’s Valuation: “Baffles Me!”

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So, I was scrolling through my X feed the other day, and what do I see? The one and only Antanas Guoga, aka “Tony G” (yes, the Lithuanian-Australian poker legend with a $7 million poker stash), questioning the sanity of XRP‘s valuation. 🤔

“How is XRP still ranked 4th? Baffles me!” Tony exclaimed, clearly not holding back on his thoughts. It’s like he’s asking, “Is this a joke?” 🤣

And it’s not just a one-off comment. Back in March, our poker hero was already throwing shade at the idea of making XRP part of the US strategic reserve. “No users, no problem, right?” he sarcastically noted. 🙄

But here’s the kicker: Tony, the chairman of Solana infrastructure company SOL Strategies, is actually a crypto enthusiast. So, it’s not like he’s just bashing XRP for the fun of it. He’s got a point, and it’s a point that’s been echoed by many in the crypto community. 🤷‍♂️

Now, let’s talk numbers. According to CoinMarketCap, XRP is currently the fourth-biggest cryptocurrency, with a market cap of $126 billion. But here’s the twist: it’s only up by a measly 3.57% year-to-date. 🤦‍♀️

Yet, over the past year, XRP has seen a mind-blowing 345% increase. The fourth quarter of 2024 was a game-changer, with the launch of the first XRP ETFs in North America and a settlement agreement with the U.S. Securities and Exchange Commission (SEC). 🚀

But the ride hasn’t always been smooth. In 2018, XRP briefly became the second-biggest cryptocurrency, surpassing Ethereum (ETH). Fast forward to early 2021, and it was almost out of the top 10 due to SEC-related drama. Talk about a rollercoaster! 🎢

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2025-06-20 19:38