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Holding 2% of the total XRP! The mysterious Ripple co-founder reappears after 14 years, sparking heated discussions in the community.
The veteran figure in the Crypto Assets field, a famous Ripple (XRP) supporter, recently broke the silence, sparking heated discussions among investors and developers.
Arthur Britto, co-founder of Ripple Labs in 2012, ended a 14-year silence on the social media platform X (formerly Twitter) with just one emoji. This brief message carries significant weight. Britto's name rarely makes headlines, but his work is the core force behind building the XRP Ledger, helping XRP rank among the top of the Crypto Assets market capitalization leaderboard.
How much influence does the mysterious founder have?
According to reports, Britto has remained low-key while participating in the writing of the XRP Ledger code. According to the agreement reached at the establishment of the company, he holds 2% of the total supply of XRP. If the XRP price rises significantly in the future, this portion of holding value could reach billions of dollars. There are concerns in the market that if Brito sells even a small part of his holdings, it could trigger a plunge in XRP price.
and the conjecture of its relation to Satoshi Nakamoto
According to reports, for many years, there have been comparisons made between Brito and the founder of Bitcoin, Satoshi Nakamoto. Some fans point out that the timing of Satoshi Nakamoto's last known public post coincided with the official launch of the XRP ledger. The mere coincidence of timing has led people to privately speculate that Brito might be the pseudonymous Satoshi Nakamoto. However, there is no evidence to support this claim. Experts say it is more likely just a coincidence.
A wave of speculation triggered by an emoticon
The only emoji recently posted by Britto on X has been confirmed by Ripple's Chief Technology Officer (CTO) David Schwartz. This confirmation has sparked various speculations about subsequent actions. Some speculate that it is a new protocol upgrade, while others believe it hints at a partnership or new product launch. However, as of now, there have been no public actions following this post.
Behind the Scenes: PolySign and Custody Business
Despite avoiding media interviews, Britto has never stopped working. He co-founded the Crypto Assets custody company PolySign, which currently operates under the name Ripple Custody. The department provides Secure Storage services for institutions holding Digital Assets. According to documents, the assets handled by PolySign last year were estimated to reach $1.5 billion. Its integration into Ripple's service system indicates that, even though Britto's name no longer appears on the agenda, his influence continues.
Future trends and market closely watch.
As the XRP trading price fluctuates near recent levels, some investors have stated that they are closely monitoring any signs of movement from Britto's wallet address. The XRP price predictions circulating in the community sometimes reach as high as $10,000 per coin. These figures are unverified, and many traders view them as wishful thinking. However, even a small change in Brito's holdings could have a significant impact on the XRP market (XRP Market Watch).