🚨 Good news rolls out, yet the coin price drops—Flare’s CEO fires back directly: Why does this reaction make absolutely no sense?
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👀 Flare co-founder and CEO Hugo Philion turns his attention to market sentiment: the XRP Ledger, where XRP is issued. After it just secured a regulated financial market infrastructure layer in Brazil, the coin price didn’t rise that day—it fell instead. He described the reaction as “crazy.”
📊 Here’s how it unfolded: Ripple has partnered with Brazil’s financial market infrastructure service provider CSD BR. The latter has already started integrating the XRP Ledger into its system. The first rollout is the investment fund shares of BTG Pactual, one of the largest investment banks in Latin America.
🔥 The scale given by Ripple executive Luke Judges is: the plan’s inaugural issuance is expected to generate about $15 billion in “representative” market value on the XRP Ledger. He wants to complete it by the end of this year. He also emphasized that this figure doesn’t mean $15 billion will be used to buy XRP.
💡 What’s really worth watching isn’t the CEO’s emotions, but the qualifier “representative market value.” Real capital and book-value representation are separated by a whole set of settlement and custody arrangements—this also explains why when good news breaks, the price doesn’t necessarily move immediately.
⚠️ A splash of cold water: the CEO’s comments don’t constitute a buy signal. Infrastructure integration is a slow variable, and the $15 billion is only an “estimate”—the timeline could also be pushed back due to technical issues. Emotion and rollout are never on the same timeline.
👀 Do you think the market’s reaction was wrong this time, or that the good news was already priced in early? Comment below and pick a side 👇
Click the profile to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#XRP #Ripple #crypto market
Group: 点击进入玖玖的粉丝群
👀 Flare co-founder and CEO Hugo Philion turns his attention to market sentiment: the XRP Ledger, where XRP is issued. After it just secured a regulated financial market infrastructure layer in Brazil, the coin price didn’t rise that day—it fell instead. He described the reaction as “crazy.”
📊 Here’s how it unfolded: Ripple has partnered with Brazil’s financial market infrastructure service provider CSD BR. The latter has already started integrating the XRP Ledger into its system. The first rollout is the investment fund shares of BTG Pactual, one of the largest investment banks in Latin America.
🔥 The scale given by Ripple executive Luke Judges is: the plan’s inaugural issuance is expected to generate about $15 billion in “representative” market value on the XRP Ledger. He wants to complete it by the end of this year. He also emphasized that this figure doesn’t mean $15 billion will be used to buy XRP.
💡 What’s really worth watching isn’t the CEO’s emotions, but the qualifier “representative market value.” Real capital and book-value representation are separated by a whole set of settlement and custody arrangements—this also explains why when good news breaks, the price doesn’t necessarily move immediately.
⚠️ A splash of cold water: the CEO’s comments don’t constitute a buy signal. Infrastructure integration is a slow variable, and the $15 billion is only an “estimate”—the timeline could also be pushed back due to technical issues. Emotion and rollout are never on the same timeline.
👀 Do you think the market’s reaction was wrong this time, or that the good news was already priced in early? Comment below and pick a side 👇
Click the profile to watch the live stream + join the Jiujiu chat group to get daily strategies 🚀
#XRP #Ripple #crypto market
