A TikTok influencer, known as Money_talk_tok, reportedly mortgaged his house for $500k to invest in XRP, the native currency of the XRPL and coin used by Ripple. He believed that the cryptocurrency market was in extreme fear and invested all his money into XRP when it was trading at $0.69. However, he is now down roughly 30%, or nearly $150k in the red. The story showcases the unpredictable nature of cryptocurrency assets and how far some crypto project believers can go to purchase tokens. Additionally, a legal battle between Ripple and SEC could impact XRP prices and influence crypto industry regulation in the United States.
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TikTokker mortgages house for $500K to buy XRP, now losing money
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