The founder of Coinpedia, Qadir Ak, is questioning the SEC’s decision to appeal the Ripple case, causing confusion in the crypto community. Ripple has been actively selling XRP despite the legal uncertainty, with a significant increase in monthly sales. Although XRP’s value has climbed after a favorable court ruling, there are concerns about potential challenges ahead. The appeal has added to the ongoing legal complexity surrounding Ripple’s status as a cryptocurrency. However, it is noted that XRP itself was not deemed a security in the court ruling, providing some relief to the market participants. Despite the legal turmoil, Ripple’s high volume of XRP sales has been absorbed by a different demographic, and XRP has managed to outperform in the market. XRP holders have experienced extreme volatility in the past, with significant gains and losses. Having a strategy to secure profits and withstand the volatility is crucial.
AI Sentiment: Neutral