Members of the XRP community have identified a discreet message advising against selling XRP too early amid a recent disclosure from Ripple CTO David Schwartz.
In a recent tweet, Schwartz recounted the story of a regrettable investment decision he made several years ago with his Ethereum portfolio. He disclosed that he sold 40,000 Ethereum tokens for $1 each, with the proceeds directed to fund a solar panel project for a property he no longer owns.
Meanwhile, Schwartz acknowledged that the market value of the Ethereum tokens, which he sold for $40,000, later soared to $100 million.
As many of you know, I sold 40,000 ETH at about $1 to put solar panels on a house I no longer own. That ETH was worth over $100 million shortly after. 1/5
— David "JoelKatz" Schwartz (@JoelKatz) December 8, 2023
Additionally, he revealed that his father had a parallel experience. He noted his dad liquidated his crypto portfolio and Apple stock, only to witness a substantial increase in their value shortly after.
XRP Army Sees it as “Don’t Sell Your XRP”
Interestingly, XRP community members found a subtle but profound message from the Ripple CTO’s anecdote. They believe he is urging them to remain steadfast in holding onto their XRP, irrespective of the XRP’s price below $1.
For instance, a pro-XRP X user replied to the tweet, noting that David Schwartz is passing across a message that patience will be rewarded as the value of XRP is anticipated to surge to greater heights soon.
David telling the XRP Army to keep the faith , it may be under a $1 now but if you wait that little bit longer you’ll see it go to the moon @JoelKatz https://t.co/2QlnXY54Xj
— HEL XRP ?☠️? (@helster80) December 8, 2023
Similarly, prominent crypto analyst EGRAG replied to Schwartz’s tweet, saying, “Noted, do not sell your XRP.”
Meanwhile, some community members disagree with the interpretation that Schwartz’s tweet was a coded message about not selling XRP. Pro-XRP X user Guardy claimed Schwartz’s note focused on real estate and not about selling XRP too soon.
Notably, the timing of the Ripple CTO’s disclosure added a twist, favoring the sentiment of those who claimed he was urging against selling XRP too early. Another commenter remarked:
“It’s exactly a warning not to sell. He didn’t need to tweet this right as XRP approaches $1.”