thecryptobasic.com
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.
As many of you know, I sold 40,000 $ETH at about $1 to put solar panels on a house I no longer own. That $ETH was worth over $100 million shortly after. 1/5
— David "JoelKatz" Schwartz (@JoelKatz) December 8, 2023
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.
David telling the $XRP Army to keep the faith , it may be under a $1 now but if you wait that little bit longer you’ll see it go to the moon @JoelKatz https://t.co/2QlnXY54Xj
— HEL $XRP 🏴☠️🪝 (@helster80) December 8, 2023
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.”