500 Billion XRP Coming For Holders? Here’s What Is Cooking

Jimmy Vallee, the founder and managing director of Valhil Capital, has embarked on an ambitious quest to secure $500 billion in restitution for XRP investors who suffered financial setbacks due to the SEC’s lawsuit against Ripple. This initiative is rooted in the belief that the regulatory action unfairly stifled XRP’s growth and inflicted substantial losses on token holders.

The Ripple Lawsuit’s Impact on XRP’s Value

The SEC’s lawsuit, launched in December 2020, led to a dramatic downturn in XRP’s market performance. The legal action caused major cryptocurrency exchanges to delist XRP, prompting a massive sell-off. The token’s price plunged by nearly 75%, hitting a low of $0.17 shortly after the lawsuit’s announcement.

Although XRP rebounded slightly, it remained under $1 for most of the legal battle. Many, including Vallee, argue that XRP’s suppressed price action over the last four years was a direct consequence of the regulatory uncertainty created by the SEC.

Valhil Capital’s Compensation Effort Gains Momentum

In a post on X, Vallee asserted that if XRP had not been entangled in legal troubles, its price could have surged to nearly three times its previous all-time high, mirroring the growth patterns observed in Bitcoin and Ethereum.

Valhil Capital’s advisors previously mentioned the $500 billion compensation target in a tweet last month. However, following the SEC’s decision to drop its lawsuit against Ripple, Crypto Eri, a key figure in the XRP community, has reignited discussions about Vallee’s compensation initiative.

According to Crypto Eri, further details regarding the proposed restitution could emerge in the coming days.

Crypto Justice Coalition and XRP Holders’ Advocacy

In his earlier statements, Vallee revealed plans to welcome over 76,000 XRP holders into the Crypto Justice Coalition, an initiative advocating for the interests of early investors affected by the SEC lawsuit. This group was initially represented by attorney John Deaton, who played a pivotal role in supporting XRP holders through an Amicus brief during the Ripple case.

Together, Vallee and this coalition are pursuing at least $500 billion in compensation for XRP holders who suffered financial losses due to the prolonged litigation.

Valuation Disputes: XRP’s Potential Market Cap

The Crypto Justice Coalition believes that, without the SEC lawsuit’s impact, XRP’s price could range between $8 and $10. At this valuation, XRP’s market capitalization would exceed $500 billion, far surpassing its current $140 billion valuation.

Legal Strategy: Avoiding Federal Courts

Interestingly, Vallee has made it clear that the restitution process will not initially involve federal courts, as he perceives them to be compromised. However, he also hinted that John Deaton may pursue a class action lawsuit against the SEC, advocating for XRP holders’ rights.

Vallee emphasized the importance of carefully evaluating any potential class action lawsuit before joining, underscoring the need for a strategic approach in seeking justice for XRP investors.

What’s Next for XRP Holders?

As the crypto community watches closely, Valhil Capital’s ambitious push for $500 billion in compensation could mark a pivotal moment for XRP investors. Whether this initiative gains traction remains to be seen, but one thing is certain: the conversation surrounding restitution for XRP holders is far from over.

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 urged to do in-depth 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.

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