Ripple shareholder and founder of Dizer Capital, Yassin Mobarak, has expressed his discontent over the suppressed growth and development in XRP. The private equity founder declares that XRP holders have been sold a pipe dream and may face losses after holding the cryptocurrency for an extended period.

XRP Holders To Face Harsh Reality

Recent developments in the XRPL ecosystem, specifically the departure of two significant validator operators, have ignited discussions and debates in the XRP community. Responding to these events, Mobarak took to X (formerly Twitter) to express criticism over Ripple’s management of its ecosystem and the current declined state of the XRP token. 

Mobarak clarified his intention was not to diminish XRP’s core value, emphasizing his position as a Ripple shareholder. He stated that he desires for Ripple to succeed, however, not at the expense of the millions of XRP holders who have invested in and supported the cryptocurrency for years. 

In response to the Ripple shareholder’s posts, an X community member pointed out that amidst the excitement surrounding Ripple and XRP, it is important to remember that Ripple’s primary objective is making profits. He revealed that Ripple does not have noble intentions towards its investors and will continue to leverage XRP and the XRP Ledger to make financial gains.

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Author: Scott Matherson

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