Elon Musk’s Net Worth Surpasses Combined Market Cap of Top Crypto Projects Tether, Solana, and XRP

Elon Musk’s net worth has now surpassed the combined market capitalizations of three of the top five cryptocurrencies: 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 at $139.7 billion, Solana’s at $109.7 billion, and XRP’s at $136.4 billion, placing their combined figure below Musk’s total.

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.)

Source

Please follow and like us:
Pin Share
See also  Investment Advisors Set to Dominate $88 Trillion Wealth Management Industry with Digital Asset ETFs, Forecasting Massive Shift in Ownership
Join Our Telegram Group

Join Our Telegram Group for the Latest Crypto News!

Stay ahead in the cryptocurrency market with timely updates, exclusive insights, and expert analysis. Join our Telegram group now and never miss out on important market movements!

Join Now

More From Author

Ukraine to Legalize Cryptocurrencies but No Tax Relief Planned

Trump Considers Pro-Crypto CFTC Commissioner for Agency Leadership

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletter!

Top 10 Cryptocurrencies

Top 10 Cryptocurrencies

# Name Price 24h %

Top Gainers & Losers

Top 5 Gainers (24h)
Loading gainers...
Failed to load gainers. Please try again later.
Top 5 Losers (24h)
Loading losers...
Failed to load losers. Please try again later.