Wall Avenue veteran Fred Krueger has angered members of the XRP group by stating that “not one precise human being” is definitely utilizing the controversial Ripple-linked token.
Not one precise human being is utilizing XRP.
Not one.— Fred Krueger (@dotkrueger) July 26, 2025
The previous arbitrage dealer, who has labored for such corporations as Salomon Brothers and Greenwich Capital, added that holding the token doesn’t qualify as an precise use case.
Is anybody utilizing XRP?
Krueger’s provocative social media publish prompted many members of the XRP group to share how they’re really utilizing the token.
Matt Hamilton, former director of developer relations at Ripple, mentioned that XRP was used to “assist out” his buddy within the U.Ok. “I actually simply despatched some XRP to assist out a buddy. I’m within the UK, they’re within the US. It was the simplest, least expensive, and quickest means,” Hamilton mentioned on X.
Some have additionally famous that XRP is getting used for purchasing meme cash on the XRP Ledger (XRPL) in addition to non-fungible tokens (NFTs).
Krueger, nonetheless, is just not impressed by such use circumstances whereas additionally rejecting the concept it may be in comparison with Bitcoin since he believes that the latter really has utility.
Whereas some have pointed to XRPL’s exercise as proof of the token’s utility, a examine that dates again to 2020 discovered {that a} whopping 96% of transactions on the community really had no financial worth.
XRP’s adoption by banks stays extraordinarily scarce and moderately anecdotal, however the token is certainly getting used as a bridge asset in Ripple’s flagship on-demand liquidity (ODL) resolution.
A protracted-time XRP skeptic
Krueger, who additionally holds a Ph.D. in Utilized Arithmetic from Stanford College, has been a long-time critic of XRP, which isn’t stunning contemplating that he’s a self-identifying “Bitcoin maximalist.”
Earlier this 12 months, he strongly criticized the thought of creating XRP a part of the US strategic reserve.
In January, he listed XRP alongside Cardano (ADA) and Chainlink (LINK) amongst “probably the most ridiculous” tokens.
