Anodos co-founder Panos Mekras has recently called out the trend of launching tokens on the XRP Ledger. He particularly singled out a supposed project on the XRP ledger that massively advertises its token presale on X, warning XRP holders to steer clear. The new project, RealFI, announced that the presale of its $REAL token will go live on the XRP Ledger on June 7, 2025. The team describes this project as a broader strategy to tokenize the $654.39 trillion global real estate market. The RealFI team has directed users to submit token orders through PayRealFi.com. While the announcement positions the effort as the foundation of a real estate-focused blockchain ecosystem, doubts surrounding the project’s legitimacy have quickly emerged. Expert Shares Doubts Notably, Panos Mekras, founder of Anodos Finance and a well-known voice in the crypto community, issued a stark warning in response to RealFI’s presale. Mekras referred to the project as a likely scam, cautioning the community against sending XRP to unproven token launches on the XRP Ledger. His concern aligns with a broader pattern he has observed. Mekras highlighted the recent trend of new XRPL projects. He suggests many are from the same developers and accuses them of creating “useless tokens” to steal from unsuspecting XRP holders. The crypto space is plagued with scammers , and Mekras emphasized that such efforts often involve anonymous teams, no tangible product, and vanish after collecting funds. RealFI, at this point, appears to lack a publicly identifiable team or verifiable product backing its presale campaign. THIS IS A SCAM Lately, there are many XRPL "projects" (probably done by the same people/scammers) popping out of nowhere and creating a useless token to do a presale and steal your XRP. They slowly rug and disappear. BE CAREFUL. Any project that does a presale and asks… https://t.co/trIXY8Wws7 — Panos {X} (@panosmek) June 3, 2025 We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Avoiding Suspicious Projects on the XRPL Mekras’s warning highlights a recurring issue within the XRP ecosystem. While the XRPL remains a popular platform for launching meme coins due to its speed and low fees, it has increasingly become a target for questionable or outright fraudulent initiatives. These fraudulent projects rely on slick marketing, premature token presales, and vague promises of large-scale ambitions, often without providing a functioning platform or verified team members. RealFI’s promotional language emphasizes a plan to tokenize a multi-trillion-dollar market, but without any clear roadmap, audits, or public leadership, these claims are difficult to validate. The Dubai Land Department recently launched tokenized land deeds on the XRPL , showing the ecosystem’s progress in real-estate tokenization. While RealFi aims to build on the hype of similar projects, a presale demanding XRP upfront in an environment where the barrier to launching a token is low raises red flags. Other prominent figures have warned the XRP army about scammers promising real-world asset (RWA) tokenization or similar projects on the XRPL. While many legitimate projects are building to advance the XRP ecosystem, scammers are also working to frustrate it, and investors need to stay vigilant. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Anodos Co-founder Sends Critical Warning to XRP Holders On This Token Presale appeared first on Times Tabloid .
