Ripple’s XRP Holdings Have Gained$ 125 Billion in Value Since Trump’s Election

Since the election, Ripple’s total XRP holdings have increased by about$ 125 billion. &nbsp,

That extraordinary figure demonstrates how much American crypto companies have profited from Donald Trump’s re-election, and provides an explanation as to why they have backed the approaching leadership with such fervor.

According to Ripple’s most new financial statements, the company holds some 4.44 billion XRP in wet property. Additionally, it manages the roughly 39 billion XRP that are currently payment. XRP was developed by Ripple’s owners in 2012.

On the day of the 2024 presidential election, XRP was fair$ 0.50. Since then, it has exploded in price. This week, the token came within inches of its all-time high price of$ 3.40, hitting$ 3.38 earlier today. &nbsp,

All told, Ripple’s reported stash of XRP is now worth some$ 146.48 billion dollars, in November, it was worth about$ 21 billion. &nbsp,

That ancient turnaround is thanks in no small part to Ripple’s extreme campaign—along with another major American crypto firms—to shift U. S. crypto plan by influencing the 2024 election. &nbsp,

Last year, Ripple, along with Coinbase and Andreessen Horowitz, led a$ 300 million, very PAC-driven charge to change crypto’s failing regulatory wealth and change the business into one of Washington’s vital power centers. &nbsp,

The strategy was extremely prosperous. The incoming provincial government appears to be ready to completely change its mind regarding crypto’s once-questioned propriety after almost every candidate supported by crypto extremely Systems won election in November. &nbsp,

Since the poll, President-elect Trump has signaled his purpose to help crypto by a variety of methods. When he takes office on January 20th, he is expected to sign some pro-industry professional directions.

In the weeks leading up to Trump’s swearing-in, crypto companies have lined up to curry favour with the coming management, especially by shelling out thousands to his opening account. &nbsp,

Ripple gave more to the Trump annual account than any other crypto benefactor:$ 5 million. &nbsp,

A drop in the bucket, in the scheme of things.