Bitcoin dominance stays key even as new details emerge from Ripple. The company once weighed a full shutdown. That choice came right after the SEC filed its lawsuit in 2020.
Bitcoin Dominance Context Around the 2020 Choice
Ripple CEO Brad Garlinghouse shared the account recently. He spoke about meetings with co-founder Chris Larsen. The talks covered how to distribute XRP holdings to shareholders and then dissolve the firm. Garlinghouse explained the team picked the harder route instead. They decided to fight the case in court.
The legal effort ended up costing Ripple an estimated 150 million dollars. He described shutdown as the easier path at the time. Yet the company chose to continue in order to protect hundreds of employee jobs. That decision kept operations alive through the long court process. In addition the move avoided an immediate end to the business.
Garlinghouse noted the conversations were serious and detailed. Both leaders reviewed options for XRP distribution before any final step. The process showed how close the firm came to closing. Bitcoin dominance trends were watched by many during those years of uncertainty. However fighting continued because jobs mattered most to the leadership.
The estimated 150 million dollars in fees covered years of legal work. Garlinghouse made clear that employee protection drove the final call. Therefore the business stayed open and active. Meanwhile recent data shows cooling demand for XRP. In early July 2026 active wallets fell to 25,350.
That figure marked the second-lowest daily reading of the year. US spot XRP ETFs also recorded a net outflow of 7.29 million dollars on July 8. The single-day withdrawal was the largest seen since March. Therefore these numbers point to reduced activity in key areas. Active wallet counts provide one measure of user engagement.
ETF flows reflect institutional interest on a daily basis. The combination of both readings occurred at the same time. Bitcoin dominance remains a separate yet related market signal for observers. As a result observers now track how these trends develop. The earlier lawsuit and the later metrics remain separate events.
Each still offers insight into Ripple history and current conditions. Garlinghouse comments add background on why the company survived 2020. More details appear in reports such as this TokenPost article. By contrast the legal cost figure stands out as substantial.
The 150 million dollars covered years of defense work. Employee retention formed a central reason for continuing. The choice avoided immediate job losses across the firm. Bitcoin dominance data from that era helps frame the broader picture. Notably wallet activity later reached low levels in 2026.
The 25,350 figure came during a period of broader market attention. ETF outflows added another data point on the same day. These readings arrived well after the original lawsuit resolution. In addition Garlinghouse emphasized the personal discussions involved. He and Larsen reviewed every major option before moving forward.
The final path kept the company intact and operating. That outcome allowed staff to remain employed through the period. Bitcoin dominance stayed key throughout the entire sequence of events. Overall the strategy protected long-term value for the sector.