Jimmy Vallee, founder and managing director of Valhil Capital, is seeking a $500 billion restitution for XRP holders.
This initiative objectives to stable $500 billion in compensation for XRP token holders who suffered losses resulting from the SEC’s lawsuit in opposition to Ripple.
The lawsuit, initiated in December 2020, introduced on a historical sell-off around XRP, causing exchanges to delist the token. Which skill, XRP’s designate plummeted by about 75%, losing to $0.17 dazzling days after the SEC’s lawsuit announcement.
Although XRP saw a little restoration, it largely traded below $1 because the case lingered. Many, including Vallee, suppose the SEC lawsuit has hindered XRP’s designate sing over the previous four years.
Restitution for XRP Holders
In a post on X, Vallee said that if now not for the SEC lawsuit, XRP’s designate might per chance well had been around thrice its outdated all-time excessive, equivalent to the associated rate sing in Bitcoin and Ethereum. Which skill, industry leaders adore 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. Nonetheless, with the SEC losing its lawsuit in opposition to Ripple this month, eminent XRP neighborhood figure Crypto Eri has drawn renewed attention to Vallee’s intrepid switch.
Crypto Eri published that her sources indicated extra critical components on the $500 billion XRP payback would floor within the approaching days.
In his tweet from final month, Vallee also talked about that his crew would welcome over 76,000 XRP holders into their Crypto Justice Coalition. These 76,000+ holders represented the pursuits of XRP investors within the early phases of the Ripple lawsuit. This neighborhood was as soon as led by felony legitimate John Deaton, who supported XRP holders thru his Amicus short within the Ripple case.
Vallee emphasised that collectively, they’ll be seeking now not now not up to $500 billion in restitution for XRP holders.
We would welcome the 76K+ into our Crypto Justice Coalition, which WILL BE SEEKING AT LEAST $500 BILLION in restitution for XRP tokenholders. Nonetheless, the Crypto Justice Coalition is presumably now not seeking a clear up thru the federal courts . . . now not now not previously not first and major.
Why?…
— Jimmy Vallee (@jvallee2000) February 21, 2025
Particularly, the Crypto Justice Coalition believes XRP’s designate might per chance well effectively be between $8 and $10. This designate vary would equate to a market cap of around $500 billion—some distance higher than its most in fashion market cap of $140 billion.
$500 Billion XRP Payback No longer By skill of Federal Court
Vallee also clarified that the Crypto Justice Coalition is now not going to see restitution thru federal courts first and major. He explained that, in his leer, the federal courts are immoral.
Furthermore, Vallee suggested that John Deaton might per chance well idea to elevate a class motion lawsuit in opposition to the SEC within the hobby of XRP holders. “We would have to sparsely have in thoughts that earlier than we agreed to affix any class,” Vallee said.
