According to the data provided by CoinGecko, the XLM token has exploded with massive double-digit gains, leaving a flatlining XRP in its wake.
The sudden price decoupling stems from a monumental tokenization breakthrough on the Stellar network.
However, the pro-XRP community is pushing back against the narrative that Ripple has been defeated.
The Stellar-DTCC breakthrough
XLM’s massive rally came after an official announcement from the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation (SDF).
The two entities have partnered to enable the tokenization of DTC-custodied traditional financial assets directly on the public Stellar blockchain.
The project aims to determine the suitability of public blockchain tokenization for highly liquid, institutional-grade assets.
Given that Stellar was founded by controversial Ripple co-founder Jed McCaleb and targets similar cross-border use cases, the two tokens are widely considered arch-rivals. The news immediately prompted critics to take direct jabs at XRP’s passionate community, with some claiming the milestone must “sting” Ripple loyalists.
However, pro-XRP legal commentators and investors quickly dismissed this zero-sum perspective as a market misunderstanding.
Many XRP proponents urge investors to study the architectural differences between the two networks, arguing that XRP is uniquely designed to provide deep liquidity and serves an entirely different purpose than XLM.
XRP capitulation
On-chain data indicates that retail panic has already taken its toll.
According to market intelligence firm Santiment, XRP recorded its largest exchange inflow of the year on Thursday, with more than 22.80 million XRP flooding onto trading platforms.
This massive influx occurred precisely at a local bottom, representing the lowest price point for XRP in 15 weeks.
Over 25.24 million XRP were pulled back off exchanges into self-custody.
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