Citing TheCCPress, XRP’s market cap dropped $13 billion in 24 hours following the launch of the first U.S. spot XRP ETF, driven by profit-taking and whale selling. The broader crypto market also lost $200 billion, with XRP’s price falling 9% to $2.27. Ripple Labs executives, including CEO Brad Garlinghouse, have not publicly commented on the decline.
XRP Loses $13 Billion Market Cap Amid ETF Launch and Broader Crypto Downturn
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