A recent exchange on X between Panos Mekras, CEO of Anodos Finance, and crypto commentator Pollux presents two distinct perspectives on XRP.
While Pollux expressed confidence in XRP’s position, Mekras responded with a direct assessment of its current state. He believes the current narratives around the asset require closer examination.
Who is XRP Built For?
While the prevailing narrative is that XRP is an institutional asset, Mekras stated that it was built for retail. He supported this by pointing to current on-chain behavior, including limited automated market maker (AMM) participation and lower Decentralized Exchange (DEX) volume, which reflects XRP’s use within the ecosystem.
Mekras pointed to activity within AMMs, noting that 20 million XRP locked in the AMM has remained stagnant for two years and is slowly declining. He contrasted this with other AMMs that hold billions in locked assets. His comparison focuses on XRP’s current participation levels within decentralized liquidity systems.
– ΧRP was built for retail*
– 20m XRP locked in the AMM – stagnant for 2 years and slowly declining for more than a year, while other AMMs have billions locked.
– Daily DEX volume at under $10m, when others are doing billions and hundreds of millions
– Bugs and issues found on…— Panos 🔼🇬🇷 (@panosmek) February 21, 2026
Liquidity and Trading Activity
Mekras also addressed XRP’s daily DEX volume. He stated that it remains under $10 million, while other assets record significantly higher figures. His remarks centered on measurable activity rather than sentiment. By presenting these figures, Mekras directed attention to how XRP currently operates within the broader trading environment.
Pollux responded by shifting focus toward price performance. He noted that XRP trades near $1.50, compared to its long-standing $0.50 range. He also highlighted XRP’s move from sixth to fourth in market capitalization. Pollux stated, “XRP action is louder than most overall talks. I remain bullish and I stand by my tweet.” His response emphasized market resilience and upward positioning.
Network Development and Tools
Mekras expanded his argument to include the technical side of the XRP Ledger. He referenced amendments within the network and raised concerns about their execution. He also pointed to the absence of strong developer tools and support. His comments focused on the lack of infrastructure required to sustain long-term growth and adoption.
Rather than addressing price trends, Mekras kept his focus on utility and network readiness. His statements emphasized functionality and development as key factors in XRP’s progression.
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Utility Versus Price Focus
The exchange evolved into a discussion about XRP’s purpose. Pollux maintained that XRP’s price movement, market ranking, and long-term chart structure support a bullish outlook. He described the asset as strong despite external pressure.
Pollux clarified his position by separating price from utility. He explained that his focus is not on short-term price movements but on XRP’s transition into a utility-driven currency. Like many market participants, he understands that this shift will take time and depends on real development and adoption.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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