Flare CEO Hugo Philion Says Do More With Your XRP

Flare Networks CEO Hugo Philion has fueled excitement within the XRP community following his latest cryptic post on X

The post garnered significant attention from the XRP community. Some suggest that a major announcement could be underway, given the cryptic nature of the message. However, others believe the post is part of a broader marketing strategy by the Flare team to promote its yield-bearing opportunities for XRP holders.

Since the launch of FAssets in September, users have locked a total of 50.83 million XRP in Flare’s vaults, minting 51.52 million FXRP in return. These 51.52 million FXRP tokens are currently worth $116.48 million

FXRPThe success of the FAssets project has been entirely fueled by retail investors, with Philion suggesting that institutions will join the bandwagon after FXRP’s circulating supply reaches a $100 million valuation

Do More With Your XRP

As anticipation for greater institutional adoption grows, Philion has encouraged XRP holders to “do more” with their assets — a likely reference to bridging XRP to Flare to access yield-bearing opportunities.

His comments follow a market downturn that saw XRP dip to $2.24, marking a 6.58% decline over the past 24 hours. The token was trading around $2.26 at press time.

While many investors continue to hold their XRP in anticipation of a potential price surge, Philion appears to be urging them to join the Flare ecosystem, where they can bridge their tokens and participate in DeFi-based earning opportunities amid the broader market dip.