Ripple Just Sealed One of the Biggest Deals of the Year, But XRP Price Barely Moves
Ripple secured a $500 million investment at a $40 billion valuation, yet the XRP price saw only a modest gain.Summary
Ripple announced a major strategic investment of $500 million, led by Fortress Investment Group and Citadel Securities, which values the company at $40 billion. This significant capital infusion underscores strong institutional confidence and follows Ripple's aggressive expansion strategy, including six major acquisitions over two years, such as Hidden Road (rebranded as Ripple Prime) and Palisade, to build out institutional services like prime brokerage and custody.
Despite this massive deal and the growth of its RLUSD stablecoin past a $1 billion market cap, the price of Ripple's native token, XRP, remained largely unmoved, showing only a marginal increase after a recent 15% weekly decline. The company's success is also bolstered by processing over $95 billion in payment volume through Ripple Payments and holding 75 regulatory licenses globally, positioning it strongly amid a maturing and consolidating crypto sector.
(Source：BeInCrypto)