These are bad times to be an XRP Hodler. As the lot of you know, if you are not living under a rock, at the bottom of the Mariana Trench, the SEC has filed a lawsuit against Ripple, creator company of the XRP token, with it's corresponding halt-trading announced on many platforms (the last of them announcing it at the time of writing this, Coinbase), and XRP plummeting in price after a yearly-high of 0,68$.
Now, let's face it, COINBASE stopping all trading it's a big deal, but also, a thing that was to be expected, and certainly, the ones that have been on the XRP space a long time, know that it's not the first time that rough waves endanger the token.
But, if you allow me to brighten your day, this lawsuit can be the last big pill to swallow, and finally turn XRP into a real De-Fi, so don't dump your bags yet. David Schwartz, CTO of Ripple, and XRP whale, after being asked on twitter, said this
Now, that looks like a light in a dark, cold night, doesn't it?
But, what would a burn mean? as you know, XRP is not a token that has to be mined, it was all already done, since day one, and the real valor behind XRP it's in the Nodes and validators that make the transactions supported possible. To be clear, Ripple, as a company, has no saying in a matter of De-Fi, not anymore, and them having half of all the tokens is a thing that we, the community, can change.
To end this, I'm going to say, if you have XRP,or are interested in XRP, keep a close eye, because there's some really interesting things happening, and there's more to come.
