Ripple just had its best quarter ever. Revenue tripled, payment volume crossed $100 billion, and Fortune 500 companies are using their infrastructure. CEO Brad Garlinghouse called it a record. XRP dropped 24% over the same period, trading around $1.34.

And that's the part most people get wrong. Ripple the company and XRP the token are two separate things. When Ripple makes money, that money stays with Ripple. XRP holders don't see a cent of it.

There's no equity, no dividend, no revenue share. You're holding the token, not a piece of the business. The better Ripple does as a company, the more obvious this gap becomes. Feels like this disconnect only gets louder from here.