Elon Musk’s net worth now surpasses the combined market capitalizations of three of the top five crypto projects: Tether, Solana, and XRP.
According to Bloomberg, Musk’s holdings reached $439.2 billion after an insider share sale of SpaceX. Based on CryptoSlate data, Tether’s current market cap stands near $139.7 billion, Solana’s at roughly $109.7 billion, and XRP’s at about $136.4 billion, placing their combined figure below Musk’s total.
Theoretically, Musk could buy every single token for all three projects with room to spare. However, the liquidity of both Musk’s net worth and the market makes this purely academic.
Musk is now just $30 billion behind Ethereum’s market cap at $479 billion.
Musk’s net worth rose above $400 billion following a turnaround since late 2022. His involvement in the political sphere, including support for President Donald Trump, coincided with a Tesla stock surge after the November election.
Tesla’s value has advanced about 65% since then as investors considered potential policy shifts affecting autonomous vehicles and competing tax credits. Musk’s newly formed artificial intelligence firm, xAI, more than doubled in valuation since May, reflecting broader market interest.
SpaceX’s recent deal for $1.25 billion in shares from insiders raised the company’s valuation near $350 billion, further lifting Musk’s fortune. His influence in Washington is also growing with his co-head role at the Department of Government Efficiency (DOGE.)
The post Elon Musk net worth now dwarfs Tether, Solana and XRP market caps combined appeared first on CryptoSlate.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.