Analysis: US election leads to sharp rise in the value of Ripple CEO and a16z co-founder
According to CoinDesk, some analysts pointed out that XRP rose from $0.5 to $2.32 after the U.S. election, potentially bringing significant gains to Ripple CEO Brad Garlinghouse. According to CoinMarketCap data, XRP has risen 54.7% in the past 30 days and ranks third by market capitalization.
Garlinghouse noted: "Since Trump's victory, the cryptocurrency market cap has grown by over $1 trillion." During the election, Ripple donated $73 million while a16z invested $70 million, including amounts reserved for the next round of elections in 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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