Is This Fundamental Issue a Reason to Sell XRP, Ethereum, and Solana Right Now?

Core Insights - The misconception among investors is that purchasing native coins of major blockchains equates to owning a portion of the chain's economic activity or governance rights, similar to stock ownership [1] - Many investors may feel compelled to sell popular cryptocurrencies without fully understanding the underlying value proposition, even for coins like XRP, Ethereum, and Solana that have potential [2] Group 1 - The primary error investors make is assuming that most blockchains distribute economic value directly to coinholders, akin to dividends, which is not the case [4] - Decentralized applications (dApps) often charge fees in various forms that do not translate into consistent buying pressure for the native coin, leaving investors without direct exposure to the economic upside [4][5] - High levels of on-chain activity do not guarantee high returns for tokenholders due to the absence of a value capture mechanism, indicating a need for a revised investment thesis [6] Group 2 - Cryptocurrencies should not be viewed as stocks, but they can still hold real value derived from different mechanisms [8] - Investors can potentially benefit from cryptocurrencies through four specific mechanisms: supply contraction, staking rewards, demand from institutional users, and a monetary premium if a chain becomes a default venue for certain financial activities [6]