Ryan Solomon (라이언 솔로몬), founder of crypto media outlet Genfinity, said he is considering selling all the XRP he has held for seven years.
According to blockchain outlet The Crypto Basic on Nov. 9 local time, Solomon said he acknowledged XRP could reach $10, but the opportunity cost of waiting had become too large.
Solomon, known online as "King Solomon", said, "When XRP eventually hits $10 many won’t sell." He added, "I’m likely selling everything at current prices." He said he had held on for seven years but was tired, and the opportunity cost was too large. As someone who has steadily researched XRP and digital asset infrastructure through Genfinity, his remarks are being taken as a case in which long-term holders’ complaints have surfaced.
The debate is not whether XRP can rise further, but whether the time spent waiting for that rise is still rational from a capital allocation perspective. XRP was trading above $1.10 as of that day, about 50 percent lower than a year earlier.
The focus is not so much on whether XRP can rise further, but whether waiting for that rise is still rational from a capital allocation perspective. Ripple has expanded into stablecoins, custody, payments and infrastructure for institutions, but criticism has persisted that not all business progress directly leads to demand for XRP.
The debate around RLUSD has also added to this trend. Brad Garlinghouse (브래드 갈링하우스), Ripple’s chief executive officer, has stressed that RLUSD is meant to compete with other stablecoins rather than compete with XRP.
Similar concerns are emerging among investors. The operator of the crypto analysis account "Good Evening Crypto" (굿 이브닝 크립토) said an acquaintance in the private equity industry who has held XRP since 2021 also recently voiced concerns about opportunity costs. The operator then said Solomon’s remarks could represent what many XRP holders are thinking.
Recent investor sentiment also aligns with this mood. Social media data showed investment sentiment related to XRP fell to its lowest level since July. It is a signal that confidence is quickly shaking as recent price weakness continues.
Not all investors have reached the same conclusion. XRP analyst Mikle (미클) argued that if opportunity cost is a concern, there is no reason to wait longer. He said funds should be allocated to assets with the most favorable investment conditions, and that if XRP does not meet that test, holders should reconsider why they own it. He emphasized investors’ asset allocation principles rather than XRP’s short-term price outlook.
By contrast, long-term investor Nicholas (니콜라스) said his biggest mistake was continuing to hold XRP while expecting it to rise to $5 to $10. He said that expectation caused him to miss chances to take profits, and criticized Ripple for increasingly prioritizing the company’s interests over XRP holders.
Against this backdrop, Solomon’s remarks again laid bare the core question facing long-term holders. Even if XRP reaches a higher price someday, the market debate is whether the time and capital spent waiting until then are a price worth paying.
@MasonVersluis When XRP eventually hits $10 many won’t sell. I’m likely selling everything at current prices. Tired after 7 years. Too much opportunity cost. Not a fan of narrative shifting and gaslighting.