Ripple Was Marked at $50 Billion in March. Secondary Trading Says $16 Billion
Ripple’s private-market valuation has plunged roughly 68% from the $50 billion level set earlier this year, according to Forge Global data.
Ripple, a crypto company, was valued at $50 billion in March, but people trading its shares privately now say it's worth only $16 billion—a huge drop. When a company's value falls this fast, it means people's beliefs about its future have changed, so watch what news about the company comes next.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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