đš BREAKING: Franklin Templeton Puts $150M on XRP Ledger â But $XRP Price Slides
đŠ Franklin Templeton added $150M in tokenized money-market fund shares (sgBENJI) to the XRP Ledger, nearly quadrupling its position to ~$200M in just 48 hours.
đ This makes Franklin the 2nd largest tokenized asset issuer on XRPL, behind only Ripple's own RLUSD stablecoin.
đ Despite the big institutional move, $XRP actually fell toward $1.28-1.30 the same day â proving fund adoption doesn't always translate to direct token demand.
â ïž Important: the fund holds US government debt, not XRP â so this deposit creates almost no direct buy pressure on the token itself.
â ïž High volatility. DYOR. Not financial advice.
#XRP #Ripple #FranklinTempleton #Binance #CryptoNews
đŠ Franklin Templeton added $150M in tokenized money-market fund shares (sgBENJI) to the XRP Ledger, nearly quadrupling its position to ~$200M in just 48 hours.
đ This makes Franklin the 2nd largest tokenized asset issuer on XRPL, behind only Ripple's own RLUSD stablecoin.
đ Despite the big institutional move, $XRP actually fell toward $1.28-1.30 the same day â proving fund adoption doesn't always translate to direct token demand.
â ïž Important: the fund holds US government debt, not XRP â so this deposit creates almost no direct buy pressure on the token itself.
â ïž High volatility. DYOR. Not financial advice.
#XRP #Ripple #FranklinTempleton #Binance #CryptoNews
