While Trident Digital said its ambition to deploy XRP cash from $ 500 million, its action collapsed on the stock market. Back on this announcement, which seems to have had the expected effect.
Trident Digital wants to launch XRP cash from $ 500 million
In the wake of the bidding of Bitcoin (BTC) and Ethereum (ETH), Trident Digital Tech Holdings, a company listed at Nasdaq, played the card of originality with the announcement of a reserve in XRP tokens.
Indeed, the company displays the ambition of raising up to $ 500 million to constitute said reserve, in particular by means of “the issue of structured actions, strategic investments and financing instruments».
To do this, the company indicates that it is in discussions with various actors such as Crypto foundations or institutional partners, and returns in more detail on the objective of this initiative:
The initiative will focus on the acquisition of XRP tokens as a long -term strategic reserve, the deployment of stuking mechanisms to generate yield and a deep commitment within the RIPPLE ecosystem. Trident will collaborate with certain infrastructure and application projects, thus strengthening its commitment to decentralized finance.
👨🏫 Find our guide on the Ripple XRP
Unlike certain companies that have chosen to adopt crypto cash recently and which had nothing to do with the web 3 ecosystem, Trident already seems Blockchain-Native. However, this did not prevent the company from being heavily sanctioned on the stock market, with a loss of almost 38 % when writing these lines on the current session.
Worse still, less than $ 0.2 share and capitalization of only $ 19 million, the title has already dropped 96 % since its introduction to Nasdaq in September 2024:
Trident action course in daily data
👉 In the news also – Ripple: the network compatible with Ethereum de Xrp Ledger arrives very soon
For its part, the Ripple XRP displays a price of 2.25 dollars, down 3.3 % over the last 24 hours.
Trader The Crypto XRP On the decentralized hyperliquid platform
Sources: press release, tradingView
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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