Mike Novogratz warns the16,703 active addresses holding XRP (CRYPTO: XRP) can’t justify its $115 billion market cap, but social media chatter is nevertheless debating major institutional accumulation.

What Happened: Galaxy Digital (TSX:GLXY) founder and CEO Mike Novogratz challenged XRP and Cardano (CRYPTO: ADA) to demonstrate genuine utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets.

“Can Ripple hold it together? Can Cardano hold it together?” Novogratz said during a conversation with Galaxy’s Head of Research Alex Thorn on Friday.

He highlighted that while XRP and Cardano boast resilient fan bases,…

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