Ripple’s total holdings of XRP have exploded in value by some $125 billion since election day.
That remarkable statistic underscores the degree to which American crypto firms have benefited from Donald Trump’s re-election—and offers one explanation as to why they have so enthusiastically thrown their support behind the president-elect’s incoming administration.
According to Ripple’s most recent financial disclosures, the company holds some 4.44 billion XRP in liquid assets. It also oversees nearly 39 billion XRP currently in escrow. XRP was developed by Ripple’s founders in 2012.
On the eve of the 2024 presidential election, XRP was worth $0.50. Since then, it has exploded in value. This week, the token came within inches of its all-time high price of $3.40, hitting $3.38 earlier today.
All told, Ripple’s reported stash of XRP is now worth some
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Author: Sander Lutz
