Home Blog Page 1487

Shiba Inu Lead Explains Why This is a Big Day for SHIB

Mark Brennan
-
0
Shiba Inu Lead Explains Why This is a Big Day for SHIB

Shiba Inu lead Shytoshi Kusama recently declared that this is a big day for the project, calling attention to the pivotal $12 million funding round for TREAT.

As previously reported by The Crypto Basic, the Shiba Inu ecosystem team recently secured a significant funding round of $12 million, led by prominent Web3 venture capital firm Animoca Brands and others. Kusama revealed that the funding was secured through Shiba Inu Mint S.A., a corporation based in Panama by selling its utility token named TREAT.

Amid reports of the development, Kusama noted in a recent post that the significant push makes this day a big day for Shiba Inu. He noted that the efforts put into making this a success were the reason he persistently changed his location in recent times. 

Kusama had noted that part of funds will focus on improving security measures and ensuring compliance with evolving regulatory standards. He pointed out that this move is not just about scaling but is also about enriching the Shiba Inu ecosystem with new features that address user privacy and data security.

Shiba Inu to Introduce TREAT 

TREAT is positioned as the ecosystem’s last volatile token, focusing on increasing transaction privacy through Fully Homomorphic Encryption (FHE). This advanced encryption allows users to execute calculations on encrypted data without exposing sensitive information.

Shiba Inu’s marketing lead, Lucie, told the SHIB Army in a recent post that the concept of the TREAT token is inspired by the original vision of Shiba Inu’s pseudonymous founder. Lucie pointed out that Shiba Inu enthusiasts have good reason to be excited about the upcoming launch.  

Moreover, Kusama discussed Shiba Inu’s future direction, which aims to reach beyond the current cryptocurrency users to a broader audience.

“We have considered ourselves a movement for quite a while now,” he stated. “I can’t capture much more market share of the crypto world but, boy, is there a huge part of the world, like 95% of the world, that has no idea about crypto. They might’ve seen our brand, they might’ve seen our logo but they will (know us) by the end of the year.”                                                                                                        

Ethereum Validator Ranks XRP Investment Safer than ETH

Abdulkarim Abdulwahab
-
0
Ethereum Validator Ranks XRP Investment Safer than ETH

A German-based Ethereum validator with X name Crypto EA has given a higher “safe” surge rate to an XRP investment than ETH.

In a recent post on X, Crypto EA outlined the cryptocurrencies that comprise the most significant portion of his investment portfolio. The list included ten digital assets, with prominent ones like XRP, Ethereum (ETH), Fetch.ai (FET), and Vechain (VET).

Meanwhile, the Ethereum validator specified a range for the expected surge of each asset, noting these ranges to be a “safe” zones for the respective tokens. Interestingly, he offered a higher safe range zone for XRP than Ethereum.

ETH to Soar 5X

In particular, Crypto EA noted that he expects Ethereum to soar four to fivefold in the coming bull market. He considers the anticipated 4x and 5x surge to be the safe zone for an ETH investment, for which he may likely take some profit.

At the time of writing, ETH hovers around $3,167. Expanding five-fold by 2025 puts the prominent asset at a market value above $15,800. This outlook aligns with widespread projections for ETH in this bull season.

XRP To Soar Higher by 21X

Meanwhile, the Ethereum validator proposed that an XRP investment would do much better than ETH in the bull season as he set a higher safe target. Specifically, Crypto EA believes a potential 7x surge would be the modest outlook for XRP. 

With XRP trading around $0.5470 at press time, a 700% growth potentially puts the asset at a market value exceeding $4.3. This price point would mark a significant history for XRP as it shatters its six-year all-time high.

Meanwhile, the Ethereum validator argued that XRP would more than double this price point. His ambitious outlook for XRP is for the asset to advance by 21X or potentially 2,100% by next year. The projected percentage growth foresees XRP at about $12 by 2025.

Remarkably, the Ethereum validator considers XRP’s potential 7x to 21x surge this season to be a safe range, unlike ETH, where he proposed a 4-5x safe zone.

While other prominent entities in the crypto sphere have issued a similar target for XRP, others have argued for loftier price points.

Assets with Higher Surge Rate

Meanwhile, the Ethereum validator projected loftier targets for other assets.

For instance, he proposed that Vechain’s ecosystem token VTHO can potentially explode up to 50X this season. For VET, Ondo Finance (ONDO), and Algorand (ALGO), he argued the possibility of a 30X increase.

Expert Identifies Real Reason Ripple Seeks to Launch a Stablecoin in the US 

Lele Jima
-
0
Expert Identifies Real Reason Ripple Seeks to Launch a Stablecoin in the US 

Legal expert and pro-XRP lawyer Fred Rispoli recently attempted to explain why Ripple is planning to launch a dollar-backed stablecoin in the U.S. later this year. 

In an X thread today, Attorney Rispoli stated that the major reason why Ripple is planning to roll out a stablecoin is to allow United States-based customers to utilize its ODL solution (now Ripple Payments) for cross-border payments. 

Rispoli’s remark suggests that instead of XRP, U.S.-based customers can opt for Ripple’s upcoming stablecoin while conducting transactions via ODL.

Ripple is in Best Position to Win Remedies Stage of SEC Lawsuit 

The expert made the assertion while analyzing Ripple’s latest filing in the SEC lawsuit. The Crypto Basic reported earlier that Ripple filed its highly anticipated opposition to the SEC’s opening remedies-related brief, in which the commission requested nearly $2 billion in fines and penalties.

In the latest filing, Ripple contended that the SEC did not show why a sanction or disgorgement is required, adding that the court should only impose a civil penalty not exceeding $10 million.

Reacting, Attorney Rispoli noted that Ripple is best positioned to win the remedies aspect of the lawsuit. However, he acknowledged that there are ominous signs that could pose a challenge to Ripple’s potential victory.

Ripple Stablecoin Will Serve US ODL Customers

According to the lawyer, Ripple changed its operations in accordance with the court ruling and has conducted most of its ODL operations offshore, specifically in Singapore, where it secured an in-principle approval last year.

In a bid to offer ODL to U.S.-based customers, Attorney Rispoli noted that Ripple decided to offer a stablecoin, allowing users in the region to use the stablecoin instead of XRP for payments.

It bears mentioning that most ODL-related transactions leverage XRP as a bridge between two fiats for instant cross-border settlements. As reported earlier this year, 50% of all RippleNet transaction volume leverages XRP as a bridge asset via ODL.

For the uninitiated, on April 4, Ripple announced plans to venture into the $150 billion stablecoin market later this year by rolling out its own stablecoin. The upcoming stablecoin, which will be integrated into Ripple’s payments platform, will enable the company to cater to institutional players and the broader decentralized finance (DeFi) sector.

The stablecoin will first roll out on the XRP Ledger and Ethereum. However, Ripple plans to support other blockchains in future upgrades. With Ripple planning to integrate the stablecoin into its payments platform, U.S.-based ODL clients can also leverage it for payments.

Ripple Files New Motion Asking Court to Exclude SEC Expert Witness Report 

Lele Jima
-
0
Ripple Files New Motion Asking Court to Exclude SEC Expert Witness Report 

According to Ripple, the SEC failed to disclose the expert’s identity and opinions during the discovery phase of the remedies litigation.  

Ripple has filed a new motion in its case against the SEC, asking Magistrate Sarah Netburn to exclude the new expert materials the plaintiff submitted in support of its opening remedies brief and final judgment entry. 

SEC Failed to Submit Fox Declaration During Discovery 

The crypto payments company recounted how the SEC deposed its supplemental expert report on disgorgement during the discovery phase of the remedies litigation. 

However, during this phase, the SEC did not tender a declaration from one of its expert witnesses, Andrea Fox, an assistant chief accountant of the agency’s enforcement division. 

For context, Fox’s declaration includes an accounting analysis regarding the remedies aspect of the lawsuit, which the court mandated the SEC to reveal during discovery. 

Nonetheless, the SEC waited until the filing of its opening remedies-related brief to submit the expert report. Notably, the late submission potentially limited Ripple’s ability to respond and counter the arguments within the discovery period. 

An Expert or Summary Witness? 

According to Ripple, the SEC stated that Fox was neither an expert nor a fact witness. Instead, the regulatory agency referred to Fox as a summary witness. Consequently, Ripple contends that summary witnesses, like Fox, are not entitled to offer new information.

Interestingly, Ripple argued that the SEC’s reference to Fox as a summary witness instead of an expert witness was only a ploy by the agency not to disclose her identity and opinions before the close of discovery.

Ripple contended that Fox qualifies as an expert witness because she did not merely summarize evidence but conducted an in-depth accounting analysis that exceeds the scope of the materials upon which they are founded.

“That makes her an expert witness, not a summary witness,” Ripple remarked. 

Parties Propose New Schedule

During the conference before the motion, the SEC opposed Ripple’s request to exclude Fox’s report. As a result, the parties proposed that the court grant the SEC five business days to officially file an opposition. 

The parties also agreed that Ripple be given three business days afterward to reply. 

The latest filing comes before Ripple’s opposition to the SEC’s opening remedies brief. As reported earlier, Ripple proposed that the court should not impose a civil penalty of more than $10 million, in contrast to the SEC’s request of $876.3 million. 

Additionally, Ripple contended that the SEC failed to show why the court should impose a sanction and disgorgement. It is noteworthy that pro-XRP lawyer James K. Filan shared both filings today. 

Shiba Inu Unveils Multiple Ways SHIB Army Can Earn TREAT

Abdulkarim Abdulwahab
-
0
Shiba Inu Unveils Multiple Ways SHIB Army Can Earn TREAT

The Shiba Inu ecosystem team has unveiled multiple avenues through which the SHIB Army can earn the upcoming TREAT token as efforts intensify around the ecosystem’s imminent layer-3 blockchain.

Amid the recent discussions surrounding the forthcoming Shiba Inu L3 blockchain that would leverage the TREAT token, the Shiba Inu ecosystem team has provided additional details for the SHIB Army. 

How Shiba Inu Army Can Earn TREAT

In a recent post on X, Shiba Inu’s content specialist Lucie reminded the SHIB Army that the idea of the TREAT token draws from the original vision of Shiba Inu’s pseudonymous founder, Ryoshi.

Accordingly, Lucie noted that Shiba Inu enthusiasts have reasons to be excited about TREAT’s coming, especially as each engagement with the asset opens the door to an earning opportunity. 

“By engaging with it [TREAT], you’ll earn more than just any token; you’ll acquire a fully functional asset,” Lucie remarked.

Meanwhile, the content marketer provided specific details about earning TREAT. In particular, SHIB enthusiasts will earn TREAT through staking on the ecosystem DEX ShibaSwap. The earning window also applies when SHIB enthusiasts explore SHIB: The Metaverse or engage with the Shiboshi NFTs. 

Other Functions of TREAT

Significantly, TREAT serves as a versatile reward token within the Shiba Inu ecosystem. Its roles involve enhancing liquidity for the forthcoming SHI stablecoin.

The Shiba Inu team has noted that TREAT could potentially replace the BONE token as the primary reward token on ShibaSwap. Additionally, TREAT would support the blockchain adaptation of the Shiba Inu-themed collectible card game, Shiba Eternity.

Meanwhile, TREAT’s core functionality will be its use as the governance token for the coming privacy L3 blockchain. As The Crypto Basic disclosed yesterday, the Shiba Inu team orchestrated a fundraising round by selling pre-launch TREAT tokens to venture capitalists, raising $12 million. The objective is to accelerate the launch of the layer-3 blockchain.

Besides, the Shiba Inu team has provided clarity on the L3 privacy blockchain under development in relation to the existing layer-2 solution, Shibarium. 

Lucie explained that Shibarium’s L2 solutions aim to enhance scalability on blockchains like Ethereum. Meanwhile, L3 solutions introduce higher-level protocols. Importantly, Lucie emphasized that upcoming L3 solutions leveraging TREAT will not replace the BONE token used on L2. Instead, both assets will collaborate to elevate the Shiba Inu ecosystem’s capabilities.

XRP Spikes 6% as Wallets Holding 1M+ Tokens Near Record High

Sam Wisdom Raphael
-
0
XRP Spikes 6% as Wallets Holding 1M+ Tokens Near Record High

XRP recently spiked by as much as 6% amid the market rebound, with the number of addresses holding at least 1 million tokens inching closer to a record high.

The broader market resurgence has provided a platform on which several assets can stage a comeback. XRP is one such asset, having recently recovered from the drop to $0.4235. XRP’s move toward recouping the recent losses saw it rally to a high of $0.5303 on April 20, the day of the Bitcoin halving, before facing consolidation. 

XRP’s Recent Price Movements

However, following a 0.91% drop the following day, XRP engineered a second round of gains, spiking to a 10-day peak above $0.57 yesterday. Amid this bullish push, crypto behavior analytics resource Santiment confirmed that XRP had outperformed most mainstream altcoins on a short-term timeframe.

Notably, XRP’s pump to the $0.5714 high yesterday represented an impressive 9% surge from its opening price that day. Nonetheless, this $0.5714 marked a pivotal resistance point for XRP, representing its 50-day exponential moving average (EMA). As a result, XRP suffered a massive drop after retesting this price point.

The bears took control of the scene, triggering eight consecutive losing candlesticks on the hourly timeframe, as XRP dropped to $0.5455. Despite witnessing a roadblock at this peak, XRP closed yesterday with a 6% rise and held above the $0.54 psychological territory, which aligns with the Fibonacci support at the 0.382 level.

XRP 1D Chart 4
XRP 1D Chart

XRP now seeks the next market pump to push toward conquering the 50-day EMA. A breach above this level would bring Fib. 0.5 as its next resistance level, currently stationed at $0.5833. This price territory represents XRP’s most pivotal roadblock on its path to recover the $0.60 psychological threshold. 

Wallets Holding 1M+ XRP Near Record High 

Meanwhile, besides the anticipated broader market pump, XRP could find strength in its unique fundamentals, as interest sees an uptick. Santiment confirmed that wallets holding at least 1 million XRP ($550K+ against prevailing rates) have continued to increase since early March when XRP spiked to a yearly peak of $0.7449.

Interestingly, despite the drop in XRP’s price, as it mirrors the broader market trends, these wallets have continued to rise since March, demonstrating resilience among investors and an impressive accumulation trend.

According to Santiment, their number recently increased to 2,013, with just one wallet away from hitting the record high of 2,014 observed last June. However, these wallets have seen a slight drop since the Santiment disclosure, with latest data indicating they have declined to 2,005. 

XRP Ledger XRP 074147 23 Apr 2024
XRP Wallets Holding At Least 1M Coins | Santiment

Notably, this substantial decline came from a drop in wallets holding between 1 million and 10 million XRP, which recently slumped to 1,565. In addition, those holding between 100 million and 1 billion XRP have also dropped to 35. Meanwhile, 246 wallets hold between 10 million and 100 million XRP, and 159 possess 1 billion tokens and above.

XRP currently changes hands at $0.5507, with a 47% surge in trading volume to $1,601,589,159 over the last 24 hours. With the SEC vs. Ripple lawsuit drawing closer to an end, as Ripple files its reply brief to the SEC’s remedies demand, XRP could leverage its legal clarity to embark on a unique price run.

New Whale Gulps 237,868,630,126 Shiba Inu as SHIB Breaks Symmetrical Triangle

Sam Wisdom Raphael
-
0
New Whale Gulps 237,868,630,126 Shiba Inu as SHIB Breaks Symmetrical Triangle

A new whale address has accumulated over 237 billion Shiba Inu tokens amid a recovery push that has seen SHIB break above a multi-week symmetrical triangle.

Shiba Inu is witnessing a resurgence of interest, as deep-pocketed investors amass more tokens in anticipation of a massive price upsurge. This confidence in SHIB’s potential has been reignited by recent price movements, which point to growing strength.

Whale Amasses 237B SHIB

In a notable development, a recently activated whale address just accumulated over 237 billion Shiba Inu tokens. Data from Ethereum blockchain explorer Etherscan confirms that the procurement, which involved exactly 237,868,630,126 SHIB, occurred yesterday at 10:31 PM (UTC).

Interestingly, this was one of four large accumulations carried out by this whale address within a mere six minutes. Upon its activation yesterday, the whale procured 500 ETH worth $1.59 million at 10:26 PM. Two minutes later, it received 101,844 FTX Token (FTT) valued at $160K+.

The Shiba Inu accumulation came barely three minutes after the whale received the FTT tokens, with the SHIB tokens worth a whopping $6.44 million. Shortly after gulping the Shiba Inu coins, the whale address then amassed another batch of Ethereum tokens, amounting to 1,012 with a value of $3.22 million.

These transactions represent the new whale’s first fund movements, with the individual in question choosing to hold onto the tokens at last check. As a result, its portfolio balance now sits at $11.261 million worth of Ethereum, Shiba Inu and FTT. 

Notably, Shiba Inu makes up its single largest holding, accounting for 57.4% of the entire portfolio balance and surpassing Ethereum. Deeper on-chain insights indicate that it received all its assets from a single address. Interestingly, this address withdrew the assets from different wallets, with the SHIB tokens traced to Binance.

Shiba Inu Investors Bullish Amid Breakout

The move to amass these funds and hold onto them demonstrate a broader culture observed among Shiba Inu proponents, as optimism grows. Data from CryptoQuant suggests that investors have continued to withdraw their Shiba Inu from exchanges, causing the exchange reserves to drop to 150.7 trillion SHIB at press time.

SHIBA INU Exchange Reserve All Exchanges 3
Shiba Inu Exchange Reserves | CryptoQuant

This trend signals a drop in selling pressure, as most of these tokens move to cold wallets for long-term HODLing. Remarkably, the trend comes up when Shiba Inu has broken above a symmetrical triangle it had traded in for over a month.

Shiba Inu slipped into this triangle when it collapsed from the $0.00004567 high on March 5. Following a month of persistent resistance, it eventually broke above the upper trendline on April 20 amid the bullish 14.43% intraday increase. 

Currently changing hands at $0.00002671, SHIB is now trading above the triangle and its 50-day EMA ($0.0000247). This position suggests bullish momentum in the short term, and points to a potential upsurge. Some analysts expect SHIB to clinch $0.00003946 during this rally.

Ripple Vs SEC: Ripple Points Out 3 Reasons It Should Pay Only $10M Instead of SEC Proposed Fine 

Lele Jima
-
0
Ripple Vs SEC: Ripple Points Out 3 Reasons It Should Pay Only $10M Instead of SEC Proposed Fine 

Ripple seeks to pay only $10 million in civil penalty for its securities law violation, arguing that the SEC failed to demonstrate why an injunction and disgorgement is warranted.  

Leading San Francisco-based crypto payments company Ripple has filed its opposition brief to the SEC’s push to have it pay nearly $2 billion for violating securities law via its XRP institutional sales. 

Notably, seasoned crypto lawyer James K. Filan shared the development on X.

For context, in the SEC’s opening remedies brief, the regulator requested a civil penalty of $876.3 million, another $876.3 million in disgorgement, and a prejudgment interest of $198.15 million, bringing the total proposed fine to $1.95 billion. 

Ripple’s 3 Major Arguments 

Per the opposition brief filed yesterday, Ripple raised three major arguments to counter the SEC’s hefty demand of nearly $2 billion. 

First, Ripple argued that the regulatory agency did not demonstrate any justification regarding whether an injunction was necessary. The leading crypto payments company asserted that the SEC failed to establish a reasonable possibility for future violations in its institutional-related XRP sales. 

For the second argument, Ripple emphasized that the SEC has not also demonstrated the need for a disgorgement in the case. 

As expected, Ripple cited the Second Circuit ruling in the Govil lawsuit, which bars disgorgement due to the regulatory agency’s inability to show that investors suffered financial harm.

Furthermore, Ripple also leveraged the Liu ruling in 2020, which held that disgorgement should be limited to the net profits of a securities act violator. In particular, Ripple argued that the court should deduct its legitimate business expenses from any disgorgement amount awarded to the SEC. 

Lastly, Ripple argued that any civil penalty should be at most $10 million instead of the whopping $876 million the SEC seeks. Notably, Ripple argued that the relevant facts of the case support a lower civil penalty rather than the high demand the SEC made.  

Ripple vs. SEC: Next Phase

Meanwhile, the SEC’s reply to Ripple’s remedies-related opposition brief will be filed on May 6, 2024. Afterward, the court would issue its final judgment.

As reported earlier, Ripple CTO David Schwartz expects a final resolution to occur before the end of the year. 

Can XRP Soar 932% to $5.5 Three Months After Bitcoin Halving

Abdulkarim Abdulwahab
-
0
Can XRP Soar 932% to $5.5 Three Months After Bitcoin Halving

Crypto market participants continue to speculate the potential price of leading assets like XRP following the latest Bitcoin, arguing for an XRP pricee of $5.5 in three months. 

One of the latest commentators on XRP’s outlook post-halving is BSC Scoop, an X account for the BNB Chain ecosystem. In a post on X, BSC Scoop highlighted its ambitious outlook for nine prominent cryptocurrencies, including XRP. It suggested a three-month timeline for the assets to attain the projections.

XRP to Hit $5.5 by July

For XRP, the account argued that it could be worth $5.5 by July this year. Significantly, BSC Scoop provided no particular basis for the optimistic projection apart from the anticipated market enthusiasm following Bitcoin’s halving event.

Notably, at price time, XRP trades at $0.533. To hit $5.5 between June and July, XRP must soar by 932%. This hypothetical projection anticipates XRP to crack its six-year-old all-time high of $3.84 within 12 weeks to establish a new unprecedented level.

Before BSC Scoop, other prominent entities in the crypto community voiced similar sentiments, concurring that $5.5 could be a near-term target for XRP rather than its peak for this imminent bull market. 

Analysts with this sentiment include Capt Toblerone, EGRAG, and Dark Defender. EGRAG is one of the most ambitious XRP analysts, who has repeatedly emphasized the asset’s path to $27 based on historical patterns.

History Suggests Otherwise

Meanwhile, on the side of history, XRP may take longer than three months to hit $5.5, if it ever does. For instance, after Bitcoin’s third halving cycle in 2020, it took XRP 11 months to advance by 942% to the season’s peak of $1.96. 

Specifically, XRP only moved up by 72% from a bottom of $0.1885 to a high of $0.3244 three months after 2020 halving.

Furthermore, after Bitcoin halved in July 2016, XRP maintained a similar price range of around $0.006 for eight months before commencing its bull run. While it went on to explode aggressively by over 75,000%, it took 18 months after Bitcoin’s halving to secure this price surge.

Notably, prominent crypto pundits like Ash Crypto have suggested a 12-month timeline for XRP to soar 848% to $5. This outlook closely mirrors XRP’s 2021 trajectory, which took 11 months to peak.

Ripple CTO Highlights XRP 1500% Surge Since 2017 to Counter Underperformance Claims

Sam Wisdom Raphael
-
0
Ripple CTO Highlights XRP 1500% Surge Since 2017 to Counter Underperformance Claims

David Schwartz, the Ripple CTO, recently highlighted that XRP is up 1,500% since 2017 in an attempt to counter claims that it has delivered losses within this timeframe.

The recent remarks came on the heels of a bitter complaint from an investor, known on X as Mr. Karipple, who lamented XRP’s perceived underperformance over the last seven years. Notably, the investor revealed that he has been holding XRP since 2017 but has failed to realize any substantial gains.

According to him, this turn of events is “unbelievable,” arguing that he could have been a millionaire if he had instead poured his investments into any “trash coin,” possibly referring to the slew of meme coins that have emerged since Dogecoin came to the limelight.

Interestingly, these meme coins, though devoid of utility, have presented massive gains for early investors. The Crypto Basic reported last December that a trader turned $242 to $250,000 trading Solana-based memecoin MELON. Another investor made $1.5 million with $42 on SILLY, another Solana memecoin.

These success stories have triggered reactions from individuals like Mr. Karipple, who have continued to bemoan the comparatively slower growth rate of their mainstream assets. “Now all of shit coins people laughing so hard at me,” the investor lamented.

Ripple CTO Responds

Responding to the complaint, Schwartz pointed out that XRP has in fact been on a positive trajectory over the last seven years. The Ripple CTO noted that exactly seven years ago, on April 19, 2017, XRP changed hands at $0.033. Chart data corroborates this claim, as XRP’s highest value on this day was $0.03319.

At its current price of $0.5333, XRP has notably increased by 1,506% since April 19, 2017. David Schwartz stressed that this growth rate translates to an Annual Percentage Yield (APY) of 47%. This is way higher than the national average APY for savings accounts in the United States, which stands at 0.57%.

XRP Underperforms Other Crypto Assets

However, despite this growth, XRP’s uptrend pales when compared to most cryptocurrencies, especially meme coins. Nonetheless, the untold story behind meme coins features a crowd of failed investments, with higher risks of massive crashes and rug pulls.

Despite this reality, Mr. Karipple is one of multiple retail investors that have bemoaned XRP’s underperformance compared to other crypto assets, with some individuals ascribing the slow growth to price suppression from Ripple’s XRP sales. Schwartz has continually rebuffed these claims.

acting to the latest disclosure, Australian-based attorney Bill Morgan highlighted that, while investors who procured XRP seven years ago are seeing gains, those who bought it six years ago are down 32%. Interestingly, those who purchased XRP five years ago are up 57%.

Morgan presented this data to emphasize the volatility associated with crypto assets such as XRP. Meanwhile, Mr. Karipple dismissed Schwartz’s claims that he is up on his XRP investment, noting that he leveraged dollar-cost averaging to procure XRP at multiple prices, including the ATH of $3.8.

1...1,4861,4871,488...2,670Page 1,487 of 2,670