Ripple Holds Nearly 100 Billion XRP, Is a Shocking Acquisition in the Works?

Ripple's latest quarterly report shows that as of the end of March, its total XRP holdings have risen to 4.56 billion, up from 4.48 billion in the previous quarter. Although the locked XRP in custody accounts decreased from 38 billion to 37.1 billion, the company continues its strategy of 'unlocking and re-locking' to control market circulation.

On May 3, Ripple once again unlocked 1 billion XRP, but most of the tokens were re-locked. This operation has stabilized market supply and demand to some extent.

At the current XRP price of $2.15, Ripple's token market value has reached a staggering $98.6 billion. This enormous capital has sparked market speculation, with outsiders believing that Ripple is planning a series of major moves. The president of Bitwise has hinted that Ripple has the capability to acquire multiple crypto companies.

The report also disclosed the progress of Ripple's acquisition of the brokerage Hidden Road and expressed strong interest in the stablecoin giant Circle, indicating that it is planning to expand into the broader crypto financial sector.

Ripple may be quietly transforming from a payment network giant into an industry capital hunter. This explosion of the 'XRP Arsenal' could potentially reshape the entire crypto landscape.