updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131XRP holders have spent years waiting for the kind of breakout that turns patience into confidence. But a recent message from XRP analyst Bird cuts through the usual price talk with a more uncomfortable point: tokens do not go on a price rally by themselves. Holders who do not understand this may be waiting for a rally driver that they themselves are failing to build.
Blockchain history does not leave much room for debate on the point of price appreciation. The chains that generated the most price appreciation in the past few years, Solana, BNB, and even Ethereum in its various breakout phases, shared a common precondition. Their ecosystems were alive before their price actions went vertical.
Memecoins built on those blockchain networks spread across social media, NFT collections traded hands constantly, and decentralized applications accumulated real users. The native token, in each case, was not leading the activity. It was responding to it. According to Bird, this is what every XRP holder must understand clearly.
XRP has been treated as something to hold and wait on, with the bigger story based on regulation, Ripple partnerships, and acquisitions. Bird is pushing a different idea: that being bullish on XRP should also mean being bullish on the XRP Ledger itself. In other words, memes, NFTs, swaps, builders, dApps, and actual onchain activity are part of how a blockchain ecosystem proves that its native asset has real economic gravity.
Bird noted that this has been proven over and over, and we saw it on XRPL in Nov ’24 too. Interestingly, Ripple’s own Q1 2025 XRP Markets Report said XRPL went through a clear cooldown after its strong Q4 2024 run, with transactions down 37.06% quarter over quarter and new wallets down 40.28%.
The irony of the current moment is that the XRP Ledger is, by many technical measures, more capable than it has ever been. XRPL developers and validators have recently pushed some institutional DeFi building blocks, including permissioned domains, credential-based access, the token Escrow (XLS-85) amendment, and the XLS-65/66 lending protocol, all of which are designed to make the network viable for regulated financial activity.
Holding, for many XRP holders, is seen as the primary act of support, a vote of confidence in the asset expressed through patience and conviction. But holding alone does not lead to activity on the XRP Ledger, and it does not create the kind of explosive price movement these same holders are expecting.
Analysts like Bird believe that real engagement matters more, encouraging users to interact with the network by moving XRP onchain, swapping, minting, trading, and exploring all the offerings of the XRPL ecosystem. As he puts it, “you don’t understand XRPL until you use it.”
Featured image created with Dall.E, chart from Tradingview.com
While the broader cryptocurrency market appears to be recovering this week, the perpetual decentralized exchange (perp DEX) Aster token has seen a drop in demand.
ASTER declined 25% in value over the past week, facing a 6% daily drop and trading around $1.7.
This price drop comes as BitMEX CEO Stephan Lutz warns that the frenzy around popular perpetual DEXs like FTX and Bybit may not last long. He argued that their incentive-driven models are “too fragile to endure.”
According to Lutz, these platforms lure users with aggressive token rewards and fee rebates, creating a short-term boom rather than sustainable liquidity.
In recent months, Perp DEXs have drawn significant attention, with platforms competing to attract traders through rebates, token incentives, and faster settlement times. Aster even overtook Hyperliquid in 24-hour trading volume last week, sparking a full-blown arms race among many.
According to DeFiLlama, the total 24-hour perp trading volume across leading platforms stands at nearly $95 billion. This figure surged approximately 40 times in the past year, indicating the sector’s rapid growth.
Perp DEX volume | Source: DeFiLlama
Competitors such as Lighter and edgeX are also entering the space, with substantial volume. Meanwhile, industry figures are also doubling down with Tron founder Justin Sun recently announcing plans to launch a new DEX.
Still, Lutz believes that these businesses can’t survive in the long run. He called the incentive structures “pump-and-dump schemes,” warning that short-term token rewards may keep volumes high but won’t build lasting liquidity.
However, not everyone agrees. Analysts argue that perp DEXs could become very popular in the future, especially if migration away from centralized exchanges grows. Some forecasts suggest annual perp DEX volumes could reach $20–30 trillion within five years if adoption continues.
BitMEX co-founder Arthur Hayes recently predicted a 126x price rally for HYPE before liquidating his $5.1 million position on September 22 and rotating into the new crypto coin, ASTER.
While perp DEX tokens continue to face volatility, Subbd is quietly gaining momentum in the content subscription space. The project is targeting the $85 billion creator economy, introducing an AI-driven, tokenized platform designed to enhance the connection between creators and their audiences.
Subbd equips creators with Web3-powered automation tools to streamline content delivery, while offering fans access to exclusive, interactive experiences that go beyond traditional subscriptions.
At the heart of the Subbd ecosystem is its Ethereum-based token, SUBBD, which unlocks premium content, staking rewards, and advanced AI features across the platform. Token holders can stake their SUBBD to access benefits like private livestreams, behind-the-scenes updates, and special content drops.
Presale Snapshot:
The presale is already drawing investor interest, having raised $1.22 million to date. With just two days left before the next price increase, Subbd is positioning itself as one of the more promising early-stage crypto projects in the market.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.