The legendary trader Peter Brandt has once again criticized the XRP cryptocurrency.

Prominent trader Peter Brandt has called the XRP cryptocurrency “garbage” in response to a sales tweet by Ripple co-founder Jed McCaleb.

As reported by CoinCu, Ripple officially confirmed that Jed McCaleb had liquidated all of his XRP holdings following an eight-year sell-off. The co-founder made an estimated $3.09 billion and 708 BTC from his XRP sale.

Brandt has repeatedly stated that the XRP cryptocurrency is unregistered security.

The trader also calls the cryptocurrency a “scam” in 2020 and predicts that the US Securities and Exchange Commission will sue Ripple.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Peter Brandt Calls XRP “Garbage”

The legendary trader Peter Brandt has once again criticized the XRP cryptocurrency.

Prominent trader Peter Brandt has called the XRP cryptocurrency “garbage” in response to a sales tweet by Ripple co-founder Jed McCaleb.

Just goes to show that even garbage can make a person a billionaire

— Peter Brandt (@PeterLBrandt) July 19, 2022

As reported by CoinCu, Ripple officially confirmed that Jed McCaleb had liquidated all of his XRP holdings following an eight-year sell-off. The co-founder made an estimated $3.09 billion and 708 BTC from his XRP sale.

Brandt has repeatedly stated that the XRP cryptocurrency is unregistered security.

The trader also calls the cryptocurrency a “scam” in 2020 and predicts that the US Securities and Exchange Commission will sue Ripple.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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