{"id":31430,"date":"2025-06-11T19:46:31","date_gmt":"2025-06-11T19:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31430"},"modified":"2025-06-11T19:46:31","modified_gmt":"2025-06-11T19:46:31","slug":"ripple-ceo-garlinghouse-admits-he-was-wrong-about-dogecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31430","title":{"rendered":"Ripple CEO Garlinghouse Admits He Was Wrong About Dogecoin"},"content":{"rendered":"
\n

At Ripple Apex, the company\u2019s flagship gathering for developers and partners, Ripple president Monica Long and chief executive Brad Garlinghouse took the stage for an unscripted fireside chat that quickly zeroed in on one of the industry\u2019s most polarizing sub-sectors: meme coins. In an exchange that mingled candor with contrition, Garlinghouse acknowledged that his once-unyielding dismissal of Dogecoin no longer holds.<\/p>\n

Dogecoin Forces Ripple CEO To Backtrack<\/h2>\n

The session<\/a> began with the moderator\u2019s binary provocation\u2014meme coins, overrated or underrated?\u2014to which Long replied that, taken at face value, many are \u201coutright scams,\u201d yet their speculative magnetism has nevertheless \u201cmiraculously become real functioning markets.\u201d Long credited the phenomenon with seeding vital infrastructure\u2014wallets, capital, developer mind-share\u2014that she likened to Ethereum\u2019s own 2016\u20132017 ICO surge. \u201cThere\u2019s a lasting impact from meme coins,\u201d she said.<\/p>\n

The Ripple CEO offered what he called \u201cthe other side\u201d of the argument. \u201cI think meme coins are generally maybe grossly overrated,\u201d he said, framing most of them as \u201cnot sustainable\u201d projects that amplify regulatory skepticism. He contrasted that short-term gambling impulse with what he described as Ripple\u2019s \u201clong arcs of time\u201d approach.<\/p>\n

Yet the conversation turned when Garlinghouse revisited Dogecoin, a target of his past derision. \u201cFor people who have followed some of my public statements, I used to really speak not so kindly towards Dogecoin,\u201d he admitted. \u201cI was just like, Dogecoin? It literally was created as a lark\u2026 it is literally a pile of shit as the logo.\u201d<\/p>\n

His original objection, he explained, was that an asset conceived as parody could not credibly represent an industry courting institutional capital: \u201cIf we\u2019re trying to engage institutions and build those bridges between traditional finance and decentralized finance\u2026 Dogecoin isn\u2019t representing us well.\u201d<\/p>\n

What changed his mind was not a newfound appreciation for the token\u2019s fundamentals but the market reality forged by Elon Musk\u2019s relentless advocacy<\/a>. \u201cWhere I agree with Monica, and I think I got wrong, is Elon Musk<\/a> willed Dogecoin into so much liquidity that it\u2019s not going away,\u201d the Ripple CEO conceded. \u201cIt\u2019s part of the ecosystem. It plays a role.\u201d<\/p>\n

Even with that reversal, Garlinghouse made clear that most meme-coin launches remain \u201cget-rich-quick rug pulls\u201d that \u201creflect badly on those of us in the industry trying to build real products for real customers.\u201d He cited US Senator Elizabeth Warren<\/a>\u2019s focus on negative use cases as a political example of how hype-driven projects can taint the wider field.<\/p>\n

Pressed to nominate a single meme that captures crypto\u2019s \u201cchaos or brilliance,\u201d Garlinghouse did not hesitate: \u201cDoge. It is both the chaos and the brilliance.\u201d Musk\u2019s influence, he said, demonstrated how \u201cliquidity begets liquidity,\u201d underscoring the difficulty newcomers face in replicating Dogecoin\u2019s network effects amid today\u2019s \u201cexplosion\u201d of imitators.<\/p>\n

Long, for her part, maintained that even dubious tokens serve as experimental sandboxes that, over time, strengthen underlying blockchains. Garlinghouse ultimately stuck with his \u201coverrated\u201d verdict for meme coins as a category, yet his concession on Dogecoin\u2014effectively elevating it from punchline to permanent fixture\u2014marked a notable shift for the CEO of a company long positioned at the institutional end of the spectrum.<\/p>\n

At press time, Dogecoin traded at $0.201.<\/p>\n

\"Dogecoin<\/div>\n","protected":false},"excerpt":{"rendered":"

At Ripple Apex, the company\u2019s flagship gathering for developers and partners, Ripple president Monica Long and chief executive Brad Garlinghouse took the stage for an unscripted fireside chat that quickly zeroed in on one of the industry\u2019s most polarizing sub-sectors: meme coins. In an exchange that mingled candor with contrition, Garlinghouse acknowledged that his once-unyielding […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31430","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31430"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31430\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}