Market analyst Ryker has accused XRP of being a cryptocurrency scam, citing token inflation, lack of utility, and alleged price manipulation by Ripple’s team and celebrity endorsers. The allegations arrive as XRP Ledger records $1.3 billion in net inflows to its real-world asset sector over the past 30 days, creating a sharp contradiction between narrative and on-chain metrics.
Ryker’s Scam Allegations Target Ripple’s Token Model
Ryker claims XRP represents “the biggest scam he has seen in the crypto market,” describing the token itself as “absolutely nothing.” He alleges Ripple inflates XRP’s valuation through escrow releases and has historically hired celebrities and media personalities to promote the asset following price rallies. Ryker cited the South Korean market as a case study, where he claims significant losses occurred. He warned market participants “will, sooner or later, lose everything” if they hold XRP. Ripple has not publicly responded to these allegations.
On-Chain Metrics Tell Opposite Story
Despite Ryker’s bearish stance, XRP Ledger is attracting institutional and retail capital into tokenized real-world assets. In the last 30 days, the network recorded $1.3 billion in net inflows to its RWA sector, outpacing Avalanche’s $500 million in comparable flows. Over the past 24 hours, 4,300 new wallets were created on XRP Ledger, marking the fourth-largest wallet creation spike of the year, according to Santiment data. XRP is trading at $1.36-$1.37, down 27% year-to-date, despite a market cap of approximately $83 billion.
RWA Adoption Signals Institutional Traction
XRP Ledger ranks fourth globally in real-world asset adoption, according to RWA.xyz tracking. This positioning reflects growing enterprise interest in tokenizing traditional assets—bonds, securities, and commodities—on the network. An XRP Ledger validator identified as Vet stated “the job is not finished and that the next focus should be distribution,” signaling ongoing development in the RWA space. The contrast between Ryker’s utility critique and measurable RWA growth suggests the token’s value proposition may be evolving independent of speculative price action.
Unresolved Questions Around Token Mechanics
Ryker’s inflation claims lack specific detail on the escrow release mechanism he references. Ripple controls a significant XRP reserve through escrow, but the company’s monthly release schedule and burn mechanisms are public. The timeline for alleged celebrity promotions and price manipulation remains unspecified. Whether recent RWA inflows represent genuine institutional adoption or retail speculation on tokenization narratives remains an open question for network participants and regulators.
