Oh, what a tale of woe! The mighty Bill Morgan, that savior of the downtrodden, has unearthed another beast in the XRP jungle-a company clutching a mountain of the token like a dragon hoarding gold. 🧑⚖️💎
Another XRP Treasury Colossus Rises! 🌪️
In a moment of divine revelation, Morgan pointed to an SEC filing from Virtu Financial, which boasts 22 million XRP on its balance sheet. A mere $55 million, but oh, what a trifle for a company with a $5 billion crown! 🤑 The lawyer, ever the optimist, declared it “financially robust,” as if the altcoin’s fate hinges on the whims of such titans. 🐉
This “global financial services firm” specializes in market-making, a game of chess where the pieces are stocks, bonds, and the occasional cryptocurrency. A true maestro of liquidity, they play across all markets like a symphony of greed. 🎻💸
Crypto Treasury Tracker, that oracle of the crypto world, ranks Virtu among the top 10 XRP giants. Yet, despite its riches, the company’s stock lags, a poor soul trudging through the mud of 2025. 📉 But fear not! It’s risen 3% in five days-proof that even the downtrodden can dance! 🕺
Meanwhile, the mighty Evernorth, backed by Ripple’s iron fist, hoards 388 million XRP, a fortress of $1 billion. Their plans to raise $1 billion from investors like Kraken and GSR? A spectacle of sycophancy, as if the gods themselves were bidding for a slice of the pie. 🧛♂️💰
And lo! Evernorth prepares to debut on Nasdaq, merging with Armada II, whose ticker now screams “XRPN” like a banshee. A new era dawns, or so the prophets claim. 🧙♂️🔮
Institutions and the Sighs of Long-Term Holders 🌫️
Canary Capital’s XRP ETF, that beacon of hope, is set to launch, its amendment a mere formality. A repeat of their Hedera and Litecoin ETFs, but with more drama. 🎭 The elite, ever hungry, rush to feast on XRP’s crumbs. 🍽️
Yet, the long-term holders, those weary souls, flee the storm, selling their coins like a shipwrecked sailor tossing cargo overboard. Glassnode’s data reveals a 580% surge in spending-$260 million daily! A lament for the old guard, who once believed in the dream. 🧟♂️📉
At the time of writing, XRP trades at $2.51, a flicker of hope in the darkness. Yet, the market’s heart beats like a troubled child-up 2% today, but who knows what tomorrow brings? 🌙🌀
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2025-11-02 00:15