#Novogratz commented on the rising #XRP price!
Billionaire investor Mike Novogratz made statements about the price of XRP, which has recently increased significantly. The XRP price has increased by 150% in a short time, and comments can be made about Ripple's ongoing lawsuit. Many investors attribute the increase in the price to the positive developments in the case.
↘️"Agreement May Be Reached In SEC Case"
Difference Between XRP Rally and Ripple Shares Grows
Galaxy Digital CEO Mike Novogratz stated in a statement on the subject that this rally of XRP is again dependent on the developments regarding the case. Stating that the expectation that Ripple will soon get a deal in the case, Novogratz caught the attention of XRP investors.
In addition to this comment, Mike Novogratz compared the price of XRP with the total value of Ripple shares traded on secondary markets. For now, the total value of the locked XRPs owned by Ripple has risen to over $ 70 billion with the increasing price. The total value of Ripple's shares traded in the secondary markets hovers around $ 2 to $ 3 billion.
🚨Is XRP Price Rise Suspicious?
Novogratz stated that a price was wrong and stressed that the market is currently facing a critical dilemma. Stating that the XRP price is increasing with the expectation that a deal will be reached in the case, Novogratz stated that Ripple shares are insanely cheap, and if this is not true, the token price is very expensive. Novogratz stated that there was actually a dispute here and investors could be victimized.
Commenting on Novogratz's tweet, blockchain researcher Leonidas Hadjiloizou, one of the important names in the XRP ecosystem, stated that the total value of XRPs in Ripple's wallets is not that much and their situation is different. Leonidas pointed out that $ 62 billion worth of XRP was locked.
🚨"Agreement May Be Reached In SEC Case"
In addition to this, according to the blockchain researcher, XRP sales were actually the main issue attacked by the SEC, and the market has not yet priced Ripple's XRPs. The loss of the lawsuit means that the locked XRPs and Ripple's right to sell XRP are shelved. Leonidas also emphasized that this is the reason for the difference between the two prices.
Famous attorney Stephen Palley raised suspicions on Ripple, hinting that someone might have insider information about the SEC case.