XRP Trader Moody Hank Slams Token Valuation Despite Price Surge

XRP's price has surged by 11% in recent days, but one trader remains skeptical about its valuation. Moody Hank, a crypto trader, argues that XRP is still overpriced even at the $1 level.

Hank cites several reasons for his skepticism, including the token's large supply of 100 billion tokens, with about 58 billion currently in circulation and roughly 36 billion held in escrow. He also criticizes XRP's pre-mined launch structure and notes that Ripple's monthly escrow unlocks create a steady source of selling pressure.

Hank points out that every month, Ripple unlocks up to 1 billion XRP from escrow, although much of it is relocked. The remaining amount can still enter the market, contributing to selling pressure. He also questions whether the XRP Ledger requires the XRP token to function, arguing that institutions using Ripple's payment products can settle in local currencies.

The criticism comes as Ripple expands its focus on artificial intelligence-linked payments with its XRPL AI Starter Kit, a new developer toolkit aimed at enabling AI agents to send and receive payments through the XRP Ledger. The package includes XRPL documentation access, Claude-powered wallet and payment tools, and support for x402 payments using XRP and RLUSD.