Podcast host Scott Melker, known as “The Wolf of All Streets,” has clarified his stance on XRP following remarks that stirred strong reactions.
For context, speaking on a previous podcast episode with Morgan Creek Capital CEO Mark Yusko, Melker highlighted notable gains in older cryptocurrencies like Ethereum and XRP.
He pointed out that Ethereum was up 9% and XRP was up 10% at the time of the show. Melker also noted that on the weekly time frame, ETH had risen 23% while XRP had jumped 33%.
“XRP Price Surge Doesn’t Mean It Got Better”
The impressive move prompted discussion about the factors driving the rally. Political developments at the time, including the passing of the GENIUS Act, were among the catalysts mentioned as fueling the altcoin pump.
During the discussion, Yusko reiterated his long-standing skepticism toward XRP. He admitted to previously calling it “a scam” and stated that price increases do not necessarily reflect improvements in functionality.
“The fact that an asset increases in price doesn’t mean that the functionality got better. It just means there are more buyers than sellers, so the price rises,” Yusko remarked regarding XRP’s surge.
Moreover, he claimed that the price increase was also due to speculation about XRP’s potential role in government use cases. However, he stressed that there was no direct evidence for such plans.
XRP Army Reacts
XRP influencer “Digital Asset Investor” shared the exchange on X. He highlighted Yusko’s criticism and Melker’s reference to XRP as a “dinosaur altcoin.”
According to him, the root of the criticism stems from the supposed fear among Bitcoin advocates that XRP could one day flip BTC. As a result, they continue to spread FUD, calling it a scam.
Other voices, such as Brad Kimes of Digital Perspectives, also joined the conversation. Kimes expressed concern over what he perceives as deliberate efforts to prevent collaboration between the Bitcoin and XRP communities.
Referring to the scheduling of Bitcoin Vegas and XRPLasVegas in 2026, Kimes noted that there were no overlapping dates and no direct competition between the events. Yet, according to him, XRPLasVegas was blocked from using the same venue. He sees it as a sign of unnecessary resistance from the Bitcoin side.
He highlighted his intention to foster unity across blockchain communities, noting that he had invited notable Bitcoin figures such as Mark Yusko and Caitlin Long to participate just before their public criticism of Ripple’s application for a bank charter.
“I Don’t Think XRP Is a Scam”
Responding to the backlash, Melker stated that he does not believe XRP is a scam. He even said he doesn’t spend much time thinking about the asset.
I don’t think $XRP is a scam.
I don’t really think about $XRP.
However, many who do think about $XRP get deeply troubled when they think that someone might think something bad about $XRP.
Seems like their problem, not mine. https://t.co/ydXmnZ1RJT
— The Wolf Of All Streets (@scottmelker) August 14, 2025
Melker also expressed willingness to participate in XRPLasVegas 2026. Additionally, he teased an upcoming interview with the CEO of Flare, suggesting that he remains open to engaging with the XRP community despite past tensions.
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