Following the SEC lawsuit against Ripple in December 2020, XRP’s price dropped 75%, causing many exchanges to remove XRP from trading. Vallee asserts that, without the lawsuit, XRP would currently be valued between 8 USD and 10 USD.
Vallee, alongside the Crypto Justice Coalition made up of over 76,000 XRP holders, seeks compensation as they believe XRP’s market value should be around 500 billion USD compared to its current value of 140 billion USD. Vallee remains cautious about pursuing court action.
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