Young Hoon Kim Announces Support for XRP Amid Solana Integration

Young Hoon Kim, known for his high-profile social media presence, announced his decision to buy XRP, shifting from his usual focus on Bitcoin. This move coincides with the announcement that XRP is integrating into Solana's DeFi ecosystem via a wrapped-asset setup, facilitated by Hex Trust using LayerZero's OFT standard. This integration enables XRP trading within Solana’s rails, potentially increasing its liquidity and usage.

Kim has been actively promoting Bitcoin, predicting significant price rises and a potential new all-time high soon.
The announcement of XRP on Solana suggests a strategic expansion into DeFi, anticipated to drive more interest and trading activity.
Despite being controversial, Kim’s endorsement of XRP adds momentum to its market narrative.

Currently, XRP trades at $2.04, indicating market anticipation surrounding these developments.

XRP price chart