After Circle rejected Ripple’s $5 billion buyout offer, rumors are circulating that Ripple is making another attempt. Despite claims that it tried to offer Circle $20 billion, there is no tangible evidence to support this claim.
Commentators have noted that Circle’s IPO was previously valued at around $5 billion, making the $20 billion offer completely absurd. It’s hard to be sure, but it seems like this rumor has had less of an impact on the market than other recent false claims.
Did Ripple offer Circle $20 billion?
Circle, the issuer of the world’s second-largest stablecoin, made headlines Wednesday when it rejected an offer from Ripple. Circle’s IPO was delayed due to tariff chaos, and analysts expressed concerns about the company’s financial health.
This made the rejection particularly notable, leading to speculation in the community.
Rumors began circulating last night that Ripple CEO Brad Garlinghouse had made a bold new offer to Circle, with several prominent social media accounts claiming that Garlinghouse had set the new offer at $20 billion.
This rumor gained new traction when crypto industry media outlets began reporting on it. However, Garlinghouse has not said anything publicly.
Users immediately began urging caution, reminding the community that nothing has been confirmed. Meanwhile, several pieces of evidence explain why Ripple’s alleged offer to Circle is not credible.
For example, although IPO Circle has not yet launched, it still provides valuable market data:
“For your information, Circle’s IPO valuation is around $5 billion (this is the valuation Ripple was targeting when making its acquisition offer). There is no way Ripple will offer $20 billion for Circle. I see a lot of people saying $5 billion is a low offer since Circle has $60 billion in collateral… However, it does not own that collateral,” Dom Kwok, co-founder of EasyA, said.
It’s hard to be sure, but it seems the rumor has had minimal impact on the market. False claims have had an excessive impact on the crypto industry recently; rumors of Trump suspending tariffs have caused huge chaos.
Similar claims about the XRP ETF approval and OpenAI’s integration with Worldcoin turned out to be false. Nevertheless, they were certainly influential.
Of course, it’s still hard to draw a clear conclusion from this. Did a large number of people believe in Ripple’s alleged offer for Circle? Were retail traders suspicious of this claim?
Hopefully, the crypto community can overcome this period of gullibility. When markets are constantly moving based on misinformation, it can disrupt momentum.#BinanceSquare #Binance #Write2Earn #Ripple #crypto $ETH