Ripple’s XRP hits an all-time high, sending cofounder's wealth soaring

XRP, a cryptocurrency by Ripple, reached new highs on Thursday.
The digital tokens have risen astronomically since last year, making its cofounder a multi-millionaire, provided he could sell his stake. 
It's important to distinguish the value to XRP from the value of its controlling company, Ripple. XRP, the second-largest cryptocurrency by market cap, hit an all time high of $3.315 per unit just before 8 a.m. Eastern on Thursday. 
The huge jump in value — up more than 1300%