Jimmy Vallee Seeks $500 Billion Restitution for XRP Holders

This initiative aims to secure $500 billion in compensation for XRP token holders who suffered losses due to the SEC's lawsuit against Ripple.

Jimmy Vallee, founder and managing director of Valhil Capital, is seeking a $500 billion restitution for XRP holders.

This initiative aims to secure $500 billion in compensation for XRP token holders who suffered losses due to the SEC’s lawsuit against Ripple.

The lawsuit, which began in December 2020, triggered a historic sell-off around XRP, leading exchanges to delist the token. As a result, XRP's price plummeted by about 75%, dropping to $0.17 just days after the SEC's lawsuit announcement.

Although XRP saw a slight recovery, it largely traded below $1 as the case dragged on. Many, including Vallee, believe the SEC lawsuit had stalled XRP's price growth over the past four years.

If not for the SEC lawsuit, XRP's price could have reached three times its previous all-time high, similar to the price growth in Bitcoin and Ethereum, according to Vallee. As a result, industry leaders like Vallee are pushing for damages to be awarded to XRP holders.

Valhil Capital's advisors specifically mentioned the $500 billion payback in a tweet last month. However, with the SEC dropping its lawsuit against Ripple this month, prominent XRP community figure Crypto Eri has drawn renewed attention to Vallee's bold move.

Crypto Eri revealed that her sources indicated more details on the $500 billion XRP payback would emerge in the coming days.

According to her post: "My sources tell me that more information on this will be forthcoming."

Vallee's team would welcome over 76,000 XRP holders into their Crypto Justice Coalition, the advisors said. These 76,000+ members were holding the interests of the XRP investors in the early stages of the Ripple lawsuit. The group was spearheaded by attorney John Deaton, who supported the XRP holders through his Amicus brief in the Ripple case.

Together, they will be seeking at least $500 billion in restitution for XRP holders, Vallee added.

"We would welcome the 76K+ into our Crypto Justice Coalition, which WILL BE SEEKING AT LEAST $500 BILLION in restitution for XRP tokenholders. However, the Crypto Justice Coalition will not be seeking a remedy through the federal courts . . . at least not initially.

Why?… pic.twitter.com/Y9jN8qZ88A

— Jimmy Vallee (@jvallee2000) February 21, 2025

Notably, the Crypto Justice Coalition believes that XRP's price could be between $8 and $10. This price range would equal a market cap of around $500 billion—far higher than its current market cap of $140 billion.

Vallee also clarified that the Crypto Justice Coalition will not seek restitution through federal courts initially. He explained that, in his view, the federal courts are corrupt.

Additionally, Vallee suggested that John Deaton might plan to bring a class action lawsuit against the SEC in the interest of XRP holders. "We would need to carefully consider that before we agreed to join any class," Vallee said.