Axelar decided to crash the XRP Seoul 2025 party on September 21 with their latest brainchild: a token called mXRP. The pitch? “Infinite buying power.” Because nothing says “financial genius” like a token that claims to buy forever. 🤷♂️ The slides called it “The Infinite Money Glitch,” which sounds less like a crypto project and more like a glitch in reality. Let’s just hope it doesn’t crash the universe.
Leading up to the event, Axelar dropped hints like breadcrumbs leading to a black hole. “A new yield-bearing XRP product is launching,” they said. “If you’re a large XRP holder, complete the form below!” Because nothing says “trust” like a pop-up form and a vague promise. On Saturday, their BD Lead, Leo Wu, summed it up with the subtlety of a sledgehammer: “gmXRP @axelar + @MidasRWA – Infinite buying power for XRP.” Because of course, it’s a “good morning” token now. 🌞
The XRP crowd went wild, thinking they hit the jackpot. “mXRP will be the biggest catalyst this quarter,” said Panos Mekras of Anodos Labs. “10% APY on XRP through DeFi yield by just holding mXRP is massive!” Because nothing says “massive” like a token that hasn’t even launched yet. And the best part? “Zero risk and near-zero impermanent loss.” Because crypto is all about low risk and high rewards. Who knew? 😏
What’s mXRP, you ask? Let me translate: You deposit XRP, get mXRP, which then “accrues value” through… strategies? Because nothing says “financial genius” like trusting some guy on the internet to “run strategies” with your money. The event notes credit Midas (a European tokenization platform) and Axelar for the plumbing, with a Korean asset manager handling the backend. Sounds like a team-up for a heist movie. 🎬
Axelar’s role? They’ve been connecting XRPL to other chains, letting wrapped XRP act as gas. Because why have one chain when you can have 80? Midas, meanwhile, is rolling out “Liquid Yield Tokens” in 2025-because EU regulations are always the gold standard for trustworthiness. 🇪🇺
The “infinite buying power” theory is simple: mint mXRP, buy XRP, compound yields, repeat. It’s like a never-ending game of Jenga. One layer collapses, and we’re all holding the pieces. Advocates say it’s a “positive feedback loop.” I say it’s a Rube Goldberg machine made of code. But hey, at least it’s not a pyramid scheme… yet. 🌀
At press time, XRP was at $2.81. Because nothing says “confidence” like a price that’s barely above zero. 💸
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2025-09-22 22:33