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Ripple Moves $1.1 Billion in XRP Amid Acquisition Bid

Solomon M. by Solomon M.
May 2, 2025
in Altcoin News
Key Points:
  • Ripple moves $1.1 billion XRP; bid for Circle.
  • Market reaction remains muted.
  • XRP trading at approximately $2.10.
ripple-moves-1-1-billion-in-xrp-amid-acquisition-bid
Ripple Moves $1.1 Billion in XRP Amid Acquisition Bid

Ripple has moved $1.1 billion in XRP, coinciding with its reported acquisition bid for Circle, the company behind USDC, highlighting significant financial maneuvers on May 1, 2025.

Ripple’s actions point toward a strategic shift as the company escalates its institutional focus, possibly impacting XRP’s long-term supply dynamics and market relations.

Financial Maneuvers

Ripple Labs executed major financial moves, including the unlocking of 1 billion XRP tokens worth $2.1 billion from escrow, consistent with its monthly schedule. Meanwhile, the strategic move of $1.1 billion worth of XRP aligns with Ripple’s acquisition bid.

Ripple, led by CEO Brad Garlinghouse, made a reported offer between $4 billion and $5 billion to acquire Circle, although Circle declined the offer as inadequately valued. This comes on the heels of Ripple’s acquisition of Hidden Road for $1.25 billion.

“As the U.S. market is opening up for digital assets and institutional adoption matures, this is an important inflection point. We are accelerating our institutional strategy, leveraging XRP and Ripple solutions to bring traditional finance and crypto closer.” — Brad Garlinghouse, CEO, Ripple Labs

XRP’s market performance today has been muted, with a 24-hour drop of 1.32%. The current price stabilizes around $2.10. Analysts suggest that the immediate market impact is limited due to the predictable escrow release.

Strategic Pivot

Ripple’s recent acquisition activities reflect a strategic pivot towards institutional services and the stablecoin market. Holding prior experience with Hidden Road, Ripple processes over $3 trillion annually and serves over 300 institutional clients.

The offer to acquire Circle, the second-largest stablecoin issuer, underscores Ripple’s intent to consolidate its position in the stablecoin industry. However, Circle plans to pursue an IPO instead, with a projected valuation between $4 billion and $6 billion.

The financial markets have responded to Ripple’s moves with a steady outlook, while Ripple gears toward further regulatory and technological advancements in the evolving digital asset landscape.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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