Former Ripple CTO and XRP Ledger co-creator Jed McCaleb revealed on Friday that he is keeping his remaining $5 million XRP, “just in case it goes up.”
CTC News reported that McCaleb said in a Zoom talk: “If you think carefully, it would be stupid if I sold it all. I mean, if it goes to $589 a coin, I might be really rich.”
Then he continued, “I don’t know, we’re going to face inflation, oil prices, and holding on to the rest of XRP will make me and my family safer.”
If since he left Ripple in 2014, he has sold millions of XRP. And according to a recent report on Jed’s Twitter, he still holds around $5 million XRP.
XRP should now be watched
Santiment said XRP’s trading volume rose sharply to $18.7 billion in the last hour of Friday. This might be something we should keep an eye on.
Update on the Ripple case with the SEC
Defense attorney James K. Filan has released a recording of the June 7, 2022 hearing before Judge Netburn, in which both sides disputed attorney Hinman’s claims.
XRP advocate Jeremy Hogan highlighted a sentence in the recording that said: “The purpose of William Hinman’s 2018 speech was to advise the market,” and said that “the SEC is trying to catch fish with two hands. and they will have nothing.”
Mr Hogan also responded to a Twitter user who asked for a moment to decide the Fair Notice defense, saying it would decide with a concluding case. That is, it will be in the month of December this year to March next year.
Defense Attorney James K. Filan added that “Both have submitted letters outlining their requests and reasons for certain amendments relating to Amici to oppose the SEC ruling.”
Source : U.Today
