The XRP community is monitoring Ripple's progress in becoming a publicly traded company, with discussions focused on reaching a $30 billion valuation. However, concerns have been raised about pre-IPO shares being traded in secondary markets, as they lack adequate information and supervision. Critics argue that these synthetic shares are susceptible to speculative pricing and malpractice, posing a high risk to investors. Ripple's CTO, David Schwartz, has warned against investing in these shares, as brokers often provide incomplete and inaccurate information. As Ripple's public offering approaches, demand for pre-IPO shares is expected to rise, but investors are advised to proceed cautiously and conduct thorough research. Proper due diligence is crucial when engaging in high-risk investments.



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