Ripple's total holdings of XRP have increased in value by $125 billion since the 2020 US election, highlighting the benefits that American crypto firms have gained from Donald Trump's re-election. Ripple currently holds 4.44 billion XRP in liquid assets and oversees nearly 39 billion XRP in escrow. The value of XRP has significantly risen since the election, reaching $3.38 this week. Ripple's reported stash of XRP is now valued at approximately $146.48 billion, up from $21 billion in November. This turnaround is attributed to Ripple's aggressive campaign, along with other leading American crypto firms, to influence the 2024 election and change US crypto policy. The campaign has been successful, with many candidates supported by crypto super PACs winning the election. President-elect Trump has shown support for crypto and is expected to sign pro-industry executive orders shortly after taking office. Crypto firms have been contributing to Trump's inauguration fund to further establish favor with the incoming administration. Ripple has donated $5 million to the fund.
Content Editor ( decrypt.co )
- 2025-01-16
Ripple’s XRP Holdings Have Gained $125 Billion in Value Since Trump’s Election
