Hacking News
XRP Plunges Due to Market Manipulation
Bitcoin has dropped from over $81,000 to under $73,000, with XRP experiencing a significant decline of 17%, losing its fifth position in market cap to USDC. Analyst EGRAG CRYPTO attributes XRP's underperformance to early holders taking profits (20%), leverage flush (30%), and market manipulation (50%). XRP ETFs have seen substantial outflows, with over $18 million pulled in just two days, indicating a sharp decline in investor demand.