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Ripple Ventures' track record speaks volumes—it's the sole investment from their portfolio that secured listing on a major exchange. Institutional capital flowing $21M into a project isn't random. Major exchanges don't greenlight listings by coincidence either.
Here's the disconnect: the valuation metrics might be off the mark, but the project fundamentals? That's probably not where the problem lies. When blue-chip backers put serious money on the table, they're betting on substance, not vapor.