Ripple President Dismisses IPO Rumors, Prioritizes Acquisitions
25.04.2025 16:21
In a recent CNBC interview, Ripple President Monica Long confirmed that the company is not planning an IPO at this time, citing its robust liquidity with billions in cash reserves. Instead, Ripple is focused on growing its business through strategic acquisitions. The clarification comes amid years of speculation regarding a potential IPO for Ripple, reinforced by earlier comments from CEO Brad Garlinghouse in 2022 indicating that going public was not a priority due to the company's strong financial position. Additionally, the news story briefly mentioned trending topics in the crypto market, including Ethereum's notable volume explosion, a sharp end to a price surge for Shiba Inu, and ongoing discussions about Dogecoin's potential to reach $0.20. These varied updates reflect a broader landscape of market activity across major cryptocurrencies.
Ripple's confirmation of strong liquidity and the decision to forgo an IPO may stabilize XRP's price due to reduced speculative hype. Short term, the market is likely to react neutrally, while long term, successful acquisitions could drive incremental price gains. The lack of IPO uncertainty minimizes volatility, and historical resilience suggests steady performance.
The mention of a volume explosion for Ethereum suggests a surge in trading activity, which could lead to short-term volatility and potential bullish momentum if the high volume sustains. However, long-term prospects will depend largely on continued adoption and institutional support, echoing historical trends where volume spikes have led to temporary price rallies.
The report of Shiba Inu’s rapid price surge coming to a brutal end could signal a period of correction and short-term pressure as early gains are cashed in. The speculative nature of SHIB means that while there may be quick rebounds due to retail interest, long-term stability remains uncertain and investor sentiment may remain cautious.
Discussions around Dogecoin possibly reaching $0.20 might stimulate speculative buying in the short term, leading to increased price volatility. However, given its historical behavior driven largely by market sentiment and social media trends, sustained long-term price increases will likely depend on broader adoption and market confidence.
Top Today
today / 04:35
Trump-Linked WLF Partners With Pakistan Crypto Council to Boost Blockchain and DeFi Ambitions
WLF's new collaboration with the Pakistan Crypto Council is set to stimulate regulatory and technological growth in Pakistan's crypto sector.
today / 02:24
Ethereum Eyes $2,580 as Leadership Dialogue Spurs Bullish Momentum
Vitalik Buterin’s and Charles Hoskinson’s exchange drives renewed bullish sentiment for Ethereum’s near-term rally.
yesterday / 22:03
Bitget Initiates Legal Action Over $20M VOXEL Manipulation Incident
Eight accounts face legal scrutiny over VOXEL trade manipulation, prompting calls for better risk control and regulatory oversight.