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HomeCrypto NewsMarketXRP Community Believes Ripple CTO is Saying DO not Sell Your XRP: Details

XRP Community Believes Ripple CTO is Saying DO not Sell Your XRP: Details

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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. 

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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.

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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.”

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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