XRP News Today: Trader Sells XRP for Chainlink at 10% Discount Amid Transparency Concerns

A prominent crypto community watcher known as Mickle recently highlighted a trader's decision to sell all his XRP holdings for Chainlink (LINK) tokens at a 10% discount on Chainlink’s private oracle network. The trader, identified as Jazzappreciator, shared the rationale behind his move in a detailed post on X, following a debate on XRP and LINK in X Spaces [1].

Jazzappreciator expressed frustration with the XRP community’s tendency to rely on narratives such as “trust the plan” rather than providing verifiable evidence. He noted that when he asked for sources from XRP advocates, they often gave vague or indirect responses. In contrast, Chainlink supporters reportedly provided concrete references to documented partnerships with banks, governments, and Fortune 500 companies, prompting him to conduct further research into Chainlink [1].

Over the weekend, Jazzappreciator extensively reviewed Chainlink’s ecosystem and found a long list of well-documented collaborations that were easily verifiable. Feeling disillusioned with the perceived lack of transparency in XRP’s community, he decided to convert his holdings entirely into LINK tokens, which he described as a project “that does something” and publishes transparent partnership details [1].

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is being tested by major financial institutions for tokenization and settlement, including the SWIFT blockchain interoperability initiative. Public announcements and mainstream coverage have reinforced Chainlink’s reputation as a key infrastructure layer for institutional blockchain adoption [1]. The project’s emphasis on on-chain verification and real-world utility has made it an attractive option for investors seeking transparency and tangible outcomes.

While Ripple continues to expand XRP’s utility through projects like RLUSD, a USD-backed stablecoin, and the planned acquisition of Hidden Road, critics argue that the token’s long-term viability depends heavily on macroeconomic sentiment and regulatory developments [1]. XRP currently trades at $3.06, consolidating after recent price volatility, while Chainlink is valued at $21.88 [1].

The trader’s shift from XRP to LINK reflects a broader trend among investors prioritizing projects with clear technological use cases and institutional adoption. Chainlink’s recent price performance—up over 45% in the week leading to the trade—also indicates growing confidence in its infrastructure [2]. This momentum may have further influenced Jazzappreciator’s decision to move his assets to a project with stronger fundamentals and real-world deployment.

The debate over XRP and LINK highlights the importance of due diligence in the crypto space. While both projects are advancing in different directions—Ripple focusing on cross-border payments and Chainlink on oracle-driven smart contracts—the investor community is increasingly demanding transparency and measurable progress. The trader’s experience underscores that market sentiment can shift rapidly in response to project fundamentals and governance culture [3].

Source:

[1] Times - [https://timestabloid.com/trader-dumps-his-xrp-holdings-for-chainlink-link-at-10-discount-heres-why/](https://timestabloid.com/trader-dumps-his-xrp-holdings-for-chainlink-link-at-10-discount-heres-why/)

[2] TradingView - [https://www.tradingview.com/ideas/fundamental/](https://www.tradingview.com/ideas/fundamental/)

[3] Decrypt - [https://decrypt.co/price/xrp](https://decrypt.co/price/xrp)