Cryptocurrency executives have emerged as major beneficiaries of the post-election surge in the crypto market, with some cashing out their windfall profits. Coinbase CEO Brian Armstrong, who owns over 10% of Coinbase's shares, has seen his net worth increase by an estimated $2 billion since the election. He has reportedly sold about $413 million worth of Coinbase stock since then. Other crypto executives who have likely seen significant gains include Ripple CEO Brad Garlinghouse and Andreessen Horowitz co-founder Marc Andreessen. The value of Garlinghouse's XRP holdings has soared, while Andreessen's firm has invested heavily in crypto companies. The surge in crypto prices has been driven by a number of factors, including increased institutional adoption, optimism over the potential of blockchain technology, and speculation. Some analysts believe that the trend will continue, further enriching these crypto executives.
Crypto Executives Rake in Millions Post-Election, Fueled by Soaring Crypto Market
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XRP
2,3122
+3.47%
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