As per FinBold, XRP added over $9.5 billion to its market cap in 24 hours, rising from $123.13 billion on November 24 to $132.68 billion. The price climbed 7.05% to $2.20, outperforming the broader crypto market’s 1.97% gain. The surge coincided with the launch of two U.S. spot XRP ETFs, Grayscale’s GXRP and Franklin Templeton’s fund, which attracted $164 million in net inflows on their first day of trading. The ETFs, along with Canary Capital’s XRPC ETF, which holds $306 million in assets, appear to be providing liquidity support and locking up tokens in custodial assets. Daily trading volume surged over 51.5% to $6.34 billion, reflecting heightened engagement across short-term traders and institutional flows. Whale addresses offloaded 180 million XRP ($396 million) during the rally, per data cited by analyst Ali Martinez, though this was counterbalanced by increased retail activity, reflected in a 12% rise in XRP’s social dominance.
XRP Gains $9.5 Billion Market Cap in 24 Hours Amid ETF Launches
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