So, Ripple—yeah, the blockchain company from San Francisco—just dropped their Q1 report today. And guess what? They’re sitting on a massive 4.56 billion XRP tokens. That’s right, a whopping 4.56 billion. That’s a 1.7% increase from the last quarter, because why not? 4.48 billion? Pfft, that’s nothing.
But wait, there’s more! The number of tokens locked away in escrow has taken a tiny dip—down 2.3% from 38 billion to 37.1 billion. But honestly, who’s counting? A few billion less in escrow isn’t going to ruin anyone’s day. Not when you’re holding nearly 4.6 billion XRP out in the wild.
And
And oh, get this—XRP is currently trading at $2.15. So, you know, no big deal, but the total value of those 4.56 billion XRP tokens they’re hoarding is… drumroll… a cool $98.6 billion. That’s right, BILLION with a “B”. That’s more money than most people will see in ten lifetimes. You think that’s impressive? It gets better.
Bitwise President Teddy Fusaro recently went full-on theoretical, saying Ripple could totally buy up a bunch of crypto companies with all that XRP. Yeah, with that much power, they could probably buy up half the market, and still have some XRP left for a weekend trip to Vegas.
Oh, and in case you missed it—Ripple has been on a shopping spree lately. They recently bought Hidden Road, a prime brokerage firm. And rumor has it, they’re eyeing Circle, the company behind USDC. Because, you know, who doesn’t want to buy a whole payments company for fun?
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2025-05-05 23:23