TL;DR
Token Metrics data shows a positive smart-money netflow signal for XRP. Ripple Labs reportedly leads a $1 billion raise for a public XRP treasury vehicle. This raise uses a SPAC structure.
Context
Digital asset treasury companies became a big trade in 2025. Listed firms used SPACs and equity issuance to buy tokens. The model worked while prices rose. That trade has weakened recently. Shares of major token holders like Strategy fell sharply. Crypto prices turned choppy. Investors now question how many companies can use this strategy.
Ripple’s plan tests if XRP has enough demand for this structure. XRP has not drawn the same interest as Bitcoin. One example is VivoPower. It raised $121 million in May to buy XRP. This new plan would be the largest XRP treasury yet.
Regulatory uncertainty has also impacted the trend. The SEC’s scrutiny of crypto makes some investors cautious.
Ripple has its own reasons to back this vehicle. The company held 4.74 billion XRP in wallets as of July 31. This is worth about $11 billion. Another 35.9 billion XRP are locked in escrow. A public treasury could create a new buyer for the token. It also gives Ripple a way to sell holdings.
The raise uses a special purpose acquisition company. Sources familiar with the matter reported this. The funds will sit in a new XRP treasury. Ripple is expected to contribute some of its own XRP.
XRP is the world’s fifth-largest token. Its market value is about $138 billion. It gained 13% this year. Bitcoin rose 16% in that time. XRP lags behind the market leader.
What Token Metrics Data Shows
Data as of May 30, 2026 shows mixed signals for XRP. The token-market signal is cautiously optimistic. Smart-money netflow turned positive last week. This suggests large holders are buying XRP. This aligns with Ripple’s potential plan.
Bitcoin trades near $73,500. It is up less than 1% today but down 1.5% this week. The market shows mixed signals. Token Metrics provides Daily Pulse coverage of this story. This reflects its importance to institutional crypto adoption.
What’s New
Ripple plans to raise at least $1 billion via a SPAC to fund a new XRP treasury, contributing its own holdings.
If completed, the deal would be the largest known XRP treasury vehicle. The plan tests demand for XRP. This happens during a cooling market for digital asset treasury companies. Those companies previously focused on Bitcoin.
The proposed treasury would be the largest known XRP vehicle. Ripple will contribute holdings. The company held 4.74 billion XRP in wallets as of July 31. This is worth about $11 billion.
By using a public vehicle, Ripple can offer XRP exposure to traditional investors. These investors cannot buy tokens directly. This could broaden the investor base for XRP.
What to Watch
Watch if Ripple confirms the $1 billion raise plans. Look for details on timing and structure. Watch for big-buyer participation in the SPAC vehicle. This shows demand for XRP. Track XRP price action around announcement dates. Look for signs of market speculation. Watch how other digital asset treasury stocks react. The sector has shown recent weakness. Follow updates on Ripple’s XRP holdings and escrow releases. These could impact the vehicle’s structure. Watch for SEC statements on SPAC structures holding crypto. Look for companies launching similar XRP treasury vehicles. Monitor on-chain metrics for large XRP movements. This might precede an announcement. This information is for educational purposes only. It should not be considered financial advice.
