Ripple’s XRP lost more than $5 billion of its market capitalization after Thursday’s late-night market meltdown liquidated $1 billion from crypto traders.
Data from CryptoSlate shows that XRP is among the top 10 losers for Aug. 18, plunging by more than 20% during the reporting period to as low as $0.473. This is the highest drop among the top 50 crypto assets by market cap.
The abrupt price shift resulted in its market capitalization dropping to approximately $25 billion from its previous peak of $31 billion, as indicated by data from CryptoSlate.
XRP 24-hour drop wipes out Ripple victory gains
The over 20% drop wiped out almost all the gains XRP’s price had made since Ripple secured a partial victory in its case against the U.S. Securities and Exchange Commission (SEC).
On July 13, a day before Judge Analisa Torres ruled that programmatic sales of XRP cannot be classified as securities, the token was trading at $0.4757.
However, its value spiked by more than 90% on July 14 aft
We współpracy z: https://cryptoslate.com/xrp-price-20-crash-erases-sec-gains-wipes-5b-off-market-cap/
