Do XRP's 16,000 Active Addresses Justify The $115B Market Cap? No Way, Says Mike Novogratz [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
Mike Novogratz warns the16,703 active addresses holding XRP (CRYPTO: XRP ) can't justify its $115 billion market cap, but social media chatter is nevertheless debating major institutional accumulation What Happened: Galaxy Digital (TSX: GLXY ) founder and CEO Mike Novogratz challenged XRP and Cardano (CRYPTO: ADA ) to demonstrate genuine utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets. “Can Ripple hold it together? Can Cardano hold it together?” Novogratz said during a conversation with Galaxy's Head of Research Alex Thorn on Friday. Don't Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen He highlighted that while XRP and Cardano boast resilient fan bases, their on-chain activity remains relatively
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GLXY
News
- Galaxy Digital (GLXY) Soars 13.5% on Helios Data Center Expansion [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital's Helios IV Estimated Value at $11.57 a Share Following Additional Computing Demand, Morgan Stanley Says [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital's Rally Reflects Crypto Activity, Not A Stabilized Earnings Base [Seeking Alpha]Seeking Alpha
- The Bullish Case for Galaxy Digital in 2026 [Yahoo! Finance]Yahoo! Finance
- Avalanche facilitates Galaxy Digital's $75M tokenized CLO debut [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 10/21/25 - Beat
GLXY
Sec Filings
- 1/15/26 - Form 424B3
- 1/15/26 - Form 424B3
- 1/15/26 - Form 8-K
- GLXY's page on the SEC website