A cryptocurrency investor based in Dubai has stirred conversation in the crypto community after revealing on the platform X that she has divested all her holdings in XRP to bolster her investment in Shiba Inu (SHIB). Her succinct announcement stated: “Just sold all my XRP and got more SHIB.” This bold transition drew immediate scrutiny, especially considering XRP“s established reputation as a utility-focused token versus SHIB, which is often categorized as a meme coin.
This decision did not appear to be spontaneous. Earlier in the year, the same investor had made headlines with an audacious prediction, proclaiming that SHIB could reach $1 by 2026. This forecast, while met with skepticism by many in the crypto sphere, signified a strong conviction in the long-term prospects of Shiba Inu. By fully exiting her position in XRP, she seems to be favoring the speculative allure of SHIB over the more conventional narratives associated with utility tokens and institutional adoption.
The investor”s move has raised eyebrows among XRP proponents. One user on X expressed disapproval, stating, “Selling XRP was the wrong choice.” Current market data indicates a significant contrast in the performance of these two cryptocurrencies. As of now, XRP is trading around $1.45, buoyed by interest in its practical use cases and ongoing developments within the cryptocurrency landscape. In contrast, Shiba Inu is trading at fractions of a cent, having significantly dropped from its all-time highs.
While both cryptocurrencies have experienced declines from their previous peaks, SHIB has garnered attention due to its volatility and the community-driven dynamics that influence its price. For many investors, XRP“s strengths lie in its tangible use cases and its role in enhancing cross-border payment systems, making the investor”s complete exit seem premature, particularly in the current uncertain market environment.
This incident highlights a broader trend in the cryptocurrency market, where speculative assets like meme coins are often viewed as high-risk investments when juxtaposed against more established tokens that focus on real-world applications and adoption.
