Skip to main content

XRP Ledger to Host New Token Despite Community Doubts on Credibility



YoungHoon Kim, widely recognized for holding the world’s highest IQ score, has announced a new cryptocurrency project built on the XRP Ledger. The upcoming token is designed to support decentralized governance, DAO engagement, and enhance on-chain participation across the XRP ecosystem.



The initiative follows the earlier launch of $LAMB, a Solana-based asset aimed at promoting meme culture and social engagement. Kim confirmed that the new XRPL-based token will launch after the ongoing $LAMB presale concludes. However, the name of the upcoming token has not yet been disclosed.

Dual-Chain Project Strategy


Kim’s latest project introduces a two-chain, two-role framework involving both Solana and XRP Ledger technologies. While $LAMB drives initial community involvement, the XRPL token aims to provide tangible utility within the XRP ecosystem. The project plans to channel value directly into the XRP Ledger and offer tools for decentralized governance.

Despite claims of ecosystem support, the XRP community has expressed reservations about the project. Many users have voiced concerns over the structure of the $LAMB presale and raised doubts about Kim’s intentions. These concerns were amplified by Kim’s earlier XRP price prediction of $3, which did not materialize.

Ongoing Credibility Concerns


Some community members view the token launches and forecasts as strategies to attract attention before potentially exiting with gains. Additionally, skepticism has grown around Kim’s repeated public statements and bold predictions, many of which have failed to align with market performance.

The announcement has led to a divided response, with a large segment of the XRP community distancing itself from Kim’s project. While the developer claims to be contributing to the XRP ecosystem, many stakeholders are wary of potential risks associated with the venture.

https://www.cryptobreaking.com/xrp-ledger-to-host-new/?utm_source=blogger%20&utm_medium=social_auto&utm_campaign=XRP%20Ledger%20to%20Host%20New%20Token%20Despite%20Community%20Doubts%20on%20Credibility%20
Labels:

Comments

Post a Comment

Popular posts from this blog

Mastercard Launches AI Agent Pay System With Ripple and Solana Help

Mastercard has launched Agent Pay for Machines, a payments system built for autonomous software agents. The service allows AI agents to send and receive payments without direct human action. It brings Ripple, Coinbase, and Solana Foundation into Mastercard’s push for automated digital commerce. Ripple Brings XRPL and RLUSD to Mastercard’s Agent Pay System Mastercard introduced Agent Pay for Machines on June 10 as a tool for machine-led payments. The system targets high-volume and low-value transactions across business and consumer use cases. It also supports automated settlement between software agents and connected machines. Ripple will support the system through the XRP Ledger and its RLUSD stablecoin. The company said that settlement will become more important as automated commerce grows. It also sees blockchain rails as useful for fast and rule-based payments. RippleX senior vice president Markus Infanger said XRPL and RLUSD support enterprise-grade agent payments. He said the tool...
Post a Comment
Read more

Coinbase's x402 launches AI agents app store for payments

Coinbase-backed x402 has unveiled Agentic.market, a dedicated marketplace aimed at increasing the usefulness of AI agents by aggregating thousands of apps and services that agents can access without any API keys. The rollout positions the platform as a central hub for agents to discover, evaluate, and deploy capabilities across a standardized payments layer. Coinbase product lead Nick Prince described Agentic.market in a video posted on X as a storefront for discovering, comparing, and using x402 services. The marketplace is designed to give both humans and their AI agents access to a wide range of tools—from data feeds to consumer apps—without the friction of managing API credentials. A storefront for discovering, comparing, and using x402 services. Thousands of services. Zero API keys. Powered by x402. Prince added that the market offers a web interface for humans to browse and assess services, alongside a programming layer that lets AI agents autonomously search, filter, and integra...
Post a Comment
Read more

Top Cryptocurrencies to Watch: BTC, ETH, BNB, XRP, Solana, Dogecoin & More

Market Analysis and Price Predictions for Key Cryptocurrencies Recent market dynamics reveal a cautious sentiment across the cryptocurrency landscape, with Bitcoin struggling to maintain levels above $90,000 and many major altcoins facing downward pressure. Indicators point toward reduced participation from both institutional and retail investors, raising concerns about a potential consolidation phase after notable gains earlier in the year. Bitcoin has fallen below $87,000, reflecting waning demand at higher price points. Institutional fund flows into BTC and ETH ETFs have turned negative, indicating a period of subdued market activity. Active addresses and Binance deposit/withdrawal activities are at annual lows, suggesting market indecision. Most leading altcoins are approaching support levels, with some poised for potential breakdowns. Tickers mentioned: Bitcoin, Ethereum, Binance Coin, XRP, Solana, Dogecoin, Cardano, Bitcoin Cash, Chainlink, Hyperliquid Sentiment: Neutral to Sli...
Post a Comment
Read more