SBI deny say e dey hoard $10B XRP, say e get 9% equity for Ripple Labs
SBI Holdings don deny wetin people dey talk for social media say dem get $10 billion worth of XRP tokens. Dem clear say their exposure to Ripple na through equity, no be by accumulating tokens. Chairman Yoshitaka Kitao talk say SBI get about 9% stake for Ripple Labs, wey worth around $3.6 billion based on recent $40 billion valuation from Ripple funding round. Ripple CEO Brad Garlinghouse don hint say valuation fit reach much higher in future and he still dey stress product adoption and ecosystem growth. The clarification follow market speculation and e come as XRP price drop small for short term (about 7.8% to $1.47 according to latest report), as traders rethink the assumed institutional backing. SBI long collaboration and joint ventures with Ripple across Asia (including SBI Ripple Asia and use of RippleNet/ODL) show strategic alignment but e get different regulatory and risk profile compared to direct token holdings. For traders: the announcement reduce the narrative about big institutional XRP supply overhang but XRP price still go follow wider market trends and adoption prospects; SBI go benefit if Ripple valuation rise through equity upside, not by immediate token sell pressure.
Neutral
Di sabi di tori get neutral effect for XRP price if yu look am only as price driver. SBI talk say dem no dey hoard $10 billion worth token remove one bearish yarn wey sey big institutional supply full ground and fit cause immediate sell pressure. Dat go reduce downside tail risk wey relate to dat rumor. But SBI 9% stake for Ripple na equity exposure, no be direct token holding, so e no mean say dem go rush buy XRP. Short-term volatility fit still happen as traders re-price how dem think institutional support dey and from wider market moves — like the reported ~7.8% short-term fall show. For medium to long term, equity ownership dey show strategic alignment and fit give indirect positive sentiment if Ripple valuation and product adoption grow; any benefit to XRP go be gradual and tied to ecosystem adoption not direct balance-sheet token accumulation. So immediate impact small and mixed: e reduce the bearish supply story but no direct bullish catalyst for token demand. Traders suppose watch sentiment shifts, on-chain flows, and adoption metrics instead of treating SBI equity stake as direct token demand.