Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary

[Rakin343]

The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.

Yet, the XRP holdings of Ripple, are reportedly worth $70 billion, which is many times higher than the valuation of the firm's equity.

Returns over last year...
Cardano $ADA: +3,290%
BinanceCoin $BNB: +3,058%
Polkadot $DOT: +1,353%
Ethereum $ETH: +1,171%
Uniswap $UNI: +953%
Chainlink $LINK: +875%
Bitcoin $BTC: +728%
XRP $XRP: +532%
Litecoin $LTC: +406%
Bitcoin Cash $BCH: +161%
Gold: +3%
US Dollar Index $USD: -8%
Source