$30 billion flows into XRP in a day after wiping out 50% of its market cap
In a dramatic rebound, XRP has seen a sharp influx of capital within 24 hours, adding nearly $30 billion to its market capitalization following one of the steepest single-day declines in its history. As of press time, XRP’s market cap stood at $143.3 billion, up from $114.8 billion a day earlier, an inflow of $28.5 billion. XRP market cap chart. Source: CoinMarketCap The recovery comes just a day after the cryptocurrency suffered an unprecedented sell-off on October 10, when the broader market faced massive liquidations. During the flash crash, XRP’s market value plunged 50% in just 30 minutes, dropping from $161 billion at 4:50 PM ET to $80 billion by 5:20 PM ET. The collapse was part of a wider $19 billion liquidation wave across the crypto sector that sent major tokens tumbling. Crypto market crash Notably, the sudden crash stemmed from the broader market sell-off sparked by President Trump’s announcement of 100% tariffs on Chinese goods and n...