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Ripple’s $1B share purchase sees low participation despite $40B valuation
Buying Ripple he saw low participation, according to a recent report from The Information.
- Buyback details. Ripple Labs recently proposed to buy back $1 billion of stock at a valuation of $40 billion.
According to a recent report by The Information, Ripple Labs proposed to buy back $1 billion of shares at a valuation of $40 billion last month. However, the company saw the lowest participation rate in this tender offer, with many private shareholders choosing not to sell their shares.
This shows that investors are confident in the long-term potential of Ripple after the company’s victory over the SEC and a massive acquisition.
- Previous purchases. In January 2024, Ripple repurchased $285 million in shares at a valuation of $11.3 billion.
In January 2024, Ripple announced a $285 million purchase of its shares from early investors/employees that valued the company at approximately $11.3 billion. However, as reported by U.Today, CEO Brad Garlinghouse stated that the valuation was too low, citing the company’s vast XRP holdings that exceeded a whopping $100 billion last year.
In June, the San Francisco company began a significantly larger tender offer of $700 million at $175 per share.
Dogecoin Faces Bearish Setup as Analysts Warn of Potential Drop Below $0.10
DOGE he formed himself its weakest setups in months after losing key support, setting the stage for a brutal 40% correction.
- Price perspective. Dogecoin (DOGE) may be entering a prolonged bearish phase.
According to the latest price projections, the Dogecoin price setup looks like a ticking time bomb with a slow fuse. It turns out that the break below $0.18 was not a manipulation or an accidental slip, but the bottom line preventing DOGE from reopening the path back towards $0.12. What is even worse, it may be below $0.10 by the end of 2025.
- Analyst insight. Ali Martinez noted that DOGE is now trading in a long-term descending channel.
Thus, the prominent analyst Ali Martinez revealed how the DOGE chart is now in a prolonged channel, where every rebound runs into the same wall of the trapped sales offer, and nothing in the current conjecture suggests that the market wants to defend this area from Dogecoin anymore.
If the projection plays out as usual, the next 12 months for Dogecoin will be more painful. A drop to $0.16 seems almost guaranteed this quarter, followed by a slow crawl into $0.14-$0.12 territory until the end of the year.
Bitcoin is approaching the key breakout zone as liquidation pressure builds
Bitcoin he is about to lose a fundamental level for which investors will fight throughout 2025.
- Price action. Bitcoin (BTC) continues its steep descent, trading near $104,000.
As the price of Bitcoin hovers around $104,000, close to breaking through a crucial psychological threshold, its sharp decline continues. With little structural support left below, concentrated liquidation clusters are visible just below the current price on the latest CoinGlass BTC/USDT liquidation map.
- Market outlook. Analysts warn that if the current zone breaks, BTC could see an accelerated downside move.
A lot of dense liquidity that is currently being tested is shown on the heat map between $103,000 and $104,000. The next significant liquidation bands, which are probably stacked with more stop-loss orders and leveraged positions, will emerge between $101,500 and $100,000 if this zone gives way.
Given the increase in downward pressure indicated by the technical data and on the chain, these levels could only offer short-term stabilization.
