Jimmy Vallee, founder and managing director of Valhil Capital, is searching for a $500 billion restitution for XRP holders.
This initiative goals to safe $500 billion in compensation for XRP token holders who suffered losses because of the SEC’s lawsuit towards Ripple.
The lawsuit, initiated in December 2020, triggered a historic sell-off round XRP, inflicting exchanges to delist the token. Because of this, XRP’s worth plummeted by about 75%, dropping to $0.17 simply days after the SEC’s lawsuit announcement.
Though XRP noticed a slight restoration, it largely traded under $1 because the case lingered. Many, together with Vallee, imagine the SEC lawsuit has hindered XRP’s worth development over the previous 4 years.
Restitution for XRP Holders
In a submit on X, Vallee acknowledged that if not for the SEC lawsuit, XRP’s worth may have been round 3 times its earlier all-time excessive, much like the value development in Bitcoin and Ethereum. Because of this, trade leaders like Vallee are pushing for damages to be awarded to XRP holders.
Valhil Capital’s advisors particularly talked about the $500 billion payback in a tweet final month. Nevertheless, with the SEC dropping its lawsuit towards Ripple this month, distinguished XRP group determine Crypto Eri has drawn renewed consideration to Vallee’s daring transfer.
Crypto Eri revealed that her sources indicated extra particulars on the $500 billion XRP payback would floor within the coming days.
In his tweet from final month, Vallee additionally talked about that his workforce would welcome over 76,000 XRP holders into their Crypto Justice Coalition. These 76,000+ holders represented the pursuits of XRP buyers within the early phases of the Ripple lawsuit. This group was led by lawyer John Deaton, who supported XRP holders via his Amicus temporary within the Ripple case.
Vallee emphasised that collectively, they are going to be searching for at the very least $500 billion in restitution for XRP holders.
We might welcome the 76K+ into our Crypto Justice Coalition, which WILL BE SEEKING AT LEAST $500 BILLION in restitution for XRP tokenholders. Nevertheless, the Crypto Justice Coalition is not going to be searching for a treatment via the federal courts . . . at the very least not initially.
Why?…
— Jimmy Vallee (@jvallee2000) February 21, 2025
Notably, the Crypto Justice Coalition believes XRP’s worth could possibly be between $8 and $10. This worth vary would equate to a market cap of round $500 billion—far increased than its present market cap of $140 billion.
$500 Billion XRP Payback Not Through Federal Court docket
Vallee additionally clarified that the Crypto Justice Coalition is not going to search restitution via federal courts initially. He defined that, in his view, the federal courts are corrupt.
Moreover, Vallee instructed that John Deaton would possibly plan to deliver a category motion lawsuit towards the SEC within the curiosity of XRP holders. “We would wish to fastidiously contemplate that earlier than we agreed to hitch any class,” Vallee stated.
