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Ripple’s recent 200M XRP sale could cover its SEC lawsuit penalty threefold.
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Pro-XRP lawyer claims XRP’s market cap may have already surpassed Solana’s.
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As market tracking platforms underreport XRP’s actual $118B market cap after recent surge.
Ripple’s XRP has just flipped Binanace (BNB) to become the 5th largest crypto with its price hitting $1.91 and a market cap close to $109 billion. This surge comes after Ripple’s favorable ruling in its case against the SEC. While Pro-XRP lawyer Bill Morgan recently revealed that Ripple could easily cover its lawsuit penalty. He also pointed out a key market cap discrepancy, claiming XRP has already surpassed Solana, though it’s not reflected on some tracking platform
Ripple’s 200 Million XRP Sale Can Cover Lawsuit Penalty
Ripple regularly releases XRP from its escrow account, ensuring liquidity while maintaining a controlled token supply. According to Morgan, if Ripple sold 200 million XRP tokens recently released from escrow, it could cover the penalty ordered by Judge Torres three times over.
If Ripple sold 200 million of the XRP released from escrow just this month at this moment it could pay the penalty ordered by Judge Torres three times over.
— bill morgan (@Belisarius2020) November 30, 2024
At current market prices, these tokens are worth hundreds of millions of dollars, positioning Ripple as financially secure despite its ongoing legal challenges.
Bill Morgan’s statement underscores the company’s ability to generate substantial revenue through XRP sales. This statement is also supported by the XRP army, showing Ripple’s strength amid the challenges it faces from ripple vs sec lawsuits.
Is XRP Flipped Solana Market Cap?
In addition to this, Morgan also pointed out an intriguing miscalculation in the market cap calculations for Ripple’s XRP.
There is less than 38 billion XRP left in escrow which means than when XRP reached $1.90 it’s market cap was almost $118 billion not $107 billion which is not being shown on @CoinMarketCap.
If so it has already flipped Solana. pic.twitter.com/oKHLdDwuNY— bill morgan (@Belisarius2020) November 30, 2024
According to Morgan, less than 38 billion XRP tokens remain in escrow. This means that when XRP surged to $1.90, its actual market cap was nearly $118 billion, not the $107 billion displayed by platforms like CoinMarketCap.
If Morgan’s calculation is accurate, this means XRP has already surpassed Solana in market cap rankings, which currently stands at $116.45 billion—a significant milestone that popular tracking platforms have yet to accurately reflect.
