News View Non-AMP

BitBoy: Ripple’s Private Share Price Surges 60%, Sign of Victory?

Published by
Sohrab Khawas

In a recent YouTube video, renowned crypto influencer Ben Armstrong, known as BitBoy Crypto, shared intriguing revelations regarding the ongoing Ripple lawsuit and an unexpected surge in Ripple’s private share prices on the Linqto platform. With implications of insider knowledge, Armstrong’s insights provide new perspectives on the legal battle and its potential outcomes.

Here’s How Ripple’s Private Shares Witness Significant Surge

Armstrong highlighted an intriguing development on Twitter involving Ripple’s private shares on Linqto, a platform offering pre-IPO investment opportunities. Drawing parallels with similar opportunities seen in other prominent companies, Armstrong pointed out that Linqto has acquired private equity shares of Ripple through stock options obtained from former advisors and team members.

Ripple Private Shares Soar by 60% in Just One Week

Notably, he also shared screenshots provided by Joey Swoll, a TikTok user familiar with private share prices, unveiling a remarkable surge in Ripple’s share prices. Within a span of just one week, Ripple’s private shares on Linqto experienced a surge from $35 on June 1 to $56, marking a substantial 60% increase. This surge elevated Ripple’s total valuation from $5.7 billion to $9 billion. Notably, an investor confirmed a share price of $63, as depicted in BitBoy’s screenshot.

To access the broader impact: Armstrong proposed two scenarios based on price patterns and previous regulatory measures against key exchanges. First, Ripple’s private share price increase may suggest a Coinbase relisting. 

Second, insiders may have knowledge suggesting a positive outcome for Ripple in its SEC litigation. Given the SEC’s classification of crypto assets as securities, the crypto community has advocated for XRP’s relisting.

Also Read: Binance Faces New Crisis as TrueUSD Minting Paused, Crypto Market Plunges!

SEC Chairman’s Removal: Will it Impact?

Overall, he also touches base on the potential impact of Gary Gensler’s removal from his position as the SEC chairman on the outcome of the Ripple case. This development could significantly influence the regulatory environment and potentially shape Ripple’s legal victory.

The analyst urges in his video that it does not serve as financial advice, he advised viewers to acknowledge the substantial increase in Ripple’s private share prices as a compelling indication of significant developments unfolding behind the scenes. The insights shared by Armstrong align with other influential figures projecting Ripple’s valuation to exceed $100 billion after going public. What do you think about the move? Tell us. 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025

XRP Stalls at $2—Is Ozak AI ($OZ) the Next Big Crypto Breakout?

XRP has struggled to break past the $2.5 mark despite strong market momentum. Meanwhile, Ozak…

April 2, 2025