{"id":65699,"date":"2025-12-30T13:31:38","date_gmt":"2025-12-30T13:31:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=65699"},"modified":"2025-12-30T13:31:38","modified_gmt":"2025-12-30T13:31:38","slug":"do-xrps-16000-active-addresses-justify-the-115b-market-cap-no-way-says-mike-novogratz","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=65699","title":{"rendered":"Do XRP&#8217;s 16,000 Active Addresses Justify The $115B Market Cap? No Way, Says Mike Novogratz"},"content":{"rendered":"<div>\n<p><strong>Mike Novogratz<\/strong> warns the16,703 active addresses holding <strong>XRP<\/strong> <a class=\"ticker-link\" data-ticker=\"XRP\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/XRP-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) can\u2019t justify its $115 billion market cap, but social media chatter is nevertheless debating <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/12\/49625546\/bitcoin-ethereum-xrp-etfs-had-a-huge-2025-but-why-are-prices-not-going-up\">major institutional accumulation<\/a>.<\/p>\n<p><strong>What Happened: Galaxy Digital<\/strong> <a class=\"ticker-link\" data-ticker=\"GLXY\" data-exchange=\"TSX\" href=\"https:\/\/www.benzinga.com\/quote\/GLXY\" target=\"_blank\" rel=\"noopener\">(TSX:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/GLXY\">GLXY<\/a>) founder and CEO Mike Novogratz challenged XRP and <strong>Cardano<\/strong> <a class=\"ticker-link\" data-ticker=\"ADA\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/ADA-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/ada\/usd\">ADA<\/a>) to <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/12\/29\/xrp-and-cardano-need-to-prove-they-re-useful-beyond-just-fans-mike-novogratz-says\">demonstrate<\/a> genuine utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets.<\/p>\n<p>\u201cCan Ripple hold it together? Can Cardano hold it together?\u201d Novogratz said during a conversation with Galaxy\u2019s Head of Research <strong>Alex Thorn<\/strong> on Friday.<\/p>\n<p>He highlighted that while XRP and Cardano boast resilient fan bases, their on-chain activity remains relatively weak.<\/p>\n<p>\u201cCharles Hoskinson, bless his soul, he\u2019s kept the Cardano community with a blockchain that people don\u2019t really use a lot,\u201d Novogratz &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/12\/49628088\/do-xrps-16000-active-addresses-justify-the-115b-market-cap-no-way-says-mike-novogratz?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Do\" xrp active addresses justify the market cap no way says mike novogratz>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mike Novogratz warns the16,703 active addresses holding XRP (CRYPTO: XRP) can\u2019t justify its $115 billion market cap, but social media chatter is nevertheless debating major institutional accumulation. What Happened: Galaxy Digital (TSX:GLXY) founder and CEO Mike Novogratz challenged XRP and Cardano (CRYPTO: ADA) to demonstrate genuine utility beyond loyal communities as the cryptocurrency market matures [&hellip;]<\/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-65699","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\/65699","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=65699"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/65699\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}