Chainlink's Zach Rynes called XRP a "bank-themed meme coin" and referred to the XRP ledger as a "ghost chain," arguing that token holders fund Ripple without rights to profits, escalating the debate over XRP's utility. Cryptocurrency commentator Diana countered with on-chain data, pointing out that XRPL holds approximately $1.42 billion in tokenized assets, ranking second in the tokenized commodities space. Ripple Chief Technology Officer David Schwartz reiterated that the company prioritizes shareholder interests and emphasized the distinction between equity ownership and XRP holdings.

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