Uphold is back up!
Yes, we went down but no platform could cope with the 50x spike in volume we saw today.
Uphold feels proud and vindicated to have been THE ONLY platform to stick with XRP through thick and thin over the past few years.
We’d love to give props to our law firm Paul Hastings who gave us the confidence to make the right call when every other U.S. venue listened to other counsel and delisted XRP at the first opportunity.
It is unforgivable that we went down today. That said, in 2021, when all other major Exchanges went down during explosions in activity, Uphold’s uptime was better than that of Coinbase and Binance.
Today’s spike in volume was simply unprecedented. The 10x scaling buffers we put in place after the 2021 boom, were simply not enough to handle the spike. We have resolved that now. We are doing everything in our power to handle these elevated loads.
Today is confirmation that maximum U.S. Regulatory FUD is behind us. It’s time to celebrate.
A huge win today – as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.
Some people are saying I photoshopped my new contract from the first time I signed with the WWE.
That is untrue.
As you can see, my jacket is a different color, Stephanie McMahon is no where to be found, and Prime is a different flavor