Ripple CTO's Discreet Message Sparks Speculation Among XRP Community
12/09/2023 16:16
David Schwartz shared a story of selling a hefty amount of Ethereum at $1 as the XRP community took it as a caution to hold the token.
Ripple CTO David Schwartz recently recounted a cautionary tale about his experience selling Ethereum. In a recent post on X, Schwartz shared an incident where he decided to sell his 40,000 ETH at $1, to install solar panels on a house that, ironically, he no longer owns.
Expressing regret over the Ethereum sale, Schwartz lamented that the current value of the tokens he had previously sold would now amount to a staggering $100 million. The story ignited a theme of speculation among cryptocurrency investors especially the XRP community what they believe now to hold XRP.
XRP community members noticed a subtle yet significant message in the tale shared by Schwartz. They interpret it as an encouragement to steadfastly hold onto their XRP, regardless of its price falling below $1.