Even Ripple employees aren’t selling at such cheap prices
“The lowest participation rate of any tender offer,” according to The Information on the leading XRP company.
Even as Ripple offers its insiders something most private company employees can only dream about, many of them are refusing to sell. In fact, its last buyout offer after a 253% valuation increase had the lowest participation rate of any tender offer, according to reporters at The Information.
Ripple employees could easily sell at a generous valuation across a luxuriously long time period, but if the last tender is any guide, the vast majority of Ripple equity owners won’t be selling even at the latest $50 billion valuation, up $10 billion in just four months.
In November 2025, Ripple tried to buy back $1 billion from employees and investors at a $40 billion, after trying to buy at a $28 billion valuation in June, but attracted even fewer sellers at the higher valuation in November.
Because, you see, as time goes on, people start to learn what is actually happening with XRP and stop being willing to sell at such cheap prices.
Market Context
The truth is, the XRP Ledger is equipped to handle trillions of dollars worth of liquidity flows.
Ripple is effectively running the experiment that every other crypto company wishes it could run: raise the bid, extend the deadline, and see how many people sell.
But when it comes to XRP, the most informed insiders have started to realize over the past few months that valuations could go way, way higher from here.
Blackrock, DTCC, Mastercard… these are just a few examples of companies that process trillions of dollars and have active XRP Ledger-integrating projects underway.
When you are watching partnerships like these develop, as Ripple employees certainly do as part of their day-to-day business, you become less willing to sell.
In a few years, if demand for XRP Ledger space starts to be measured in the trillions of dollars, the choice to not sell now could become a life-changing, generational decision.
News
Senate votes to ban CBDCs in housing legislation (CoinDesk)
EU speeding digital euro rollout to reduce reliance on foreign payments (Bloomberg)
CFTC classifying prediction market contracts as a financial assets (CFTC.gov)
FATF warns offshore crypto services exploit regulatory gaps (Fatf-gafi.org)
South Korea developing crypto tracking system for tax enforcement (KoreaTimes)
US Treasury sanctions North Korean entities tied to $800M fraud (Treasury.gov)
Utah moving to ban prediction markets (APNews)
CoinShares $OTCQX approved for Stockholm delisting (GlobeNewswire)
$HSBC, Standard Chartered $SCBFF secures Hong Kong stablecoin licenses (Bloomberg)
BlackRock $BLK launches ETF staking $ETHB (X)
Grayscale launches Avalanche Staking ETF $GAVA (GlobeNewswire)
KuCoin preparing stock index perps (PRNewswire)
Ethereum Foundation publishes new mandate (Coindesk)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
XRP Premium Analysis
Most people don’t know this, but XRP Ledger creator David Schwartz has repeatedly argued that for XRP to function as a bridge asset for large-value payments, a higher price is beneficial because of its superior liquidity and slippage reduction.
To use a simplistic example, to send $1 million worth of XRP, you always need $1 million dollars worth of XRP. What changes with a higher XRP price is liquidity depth and how much the market moves when you buy and sell that amount to effectuate the transfer.
In fact, XRP serves as a bridge currency for a vast and growing number of financial institutions, including for fiat settlements.
When institutions settle in non-XRP denominations like dollars via Ripple USD, for example, every RLUSD transaction pays network fees in XRP. So whether in XRP itself or via any asset that pays fees in XRP, ledger usage support price demand for XRP, even if the value ultimately settles elsewhere.
If banks need to move billions, a higher priced, higher liquidity XRP is better suited for high-value corridors.
But a higher XRP price is not just a wish list “nice to have,” it will be the mechanical result of these transfer volumes, because…