XRP’s Wild Ride: From $190 Million to $31 Million—What Just Happened?!

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So, XRP took a nosedive this week, but don’t worry, it’s not completely face-planted. After raking in nearly $190 million last week (I mean, who doesn’t love a good cash grab?), it decided to take a little break and only managed to snag $31.3 million this week. That’s an 83.4% drop, according to CoinShares. You’d think that would send XRP packing, but nope! It’s still hanging out in the top altcoin club, just behind Ethereum. Talk about resilience! 💪

Now, let’s zoom out and look at the market. It’s like a rollercoaster ride that suddenly went off the rails. Digital asset products collectively lost $223 million, reversing the early-week optimism that had everyone feeling like they just won the lottery with $883 million in new capital. 🎢💸

And boy, did things change fast! Over $1 billion in outflows happened on Friday alone. It’s like the market had a bad taco and decided to purge. The mood shifted midweek when the Fed dropped some comments and the U.S. economy flexed its muscles, leaving everyone wondering if we’ll even see a rate cut this year. Spoiler alert: probably not! 😬

Bitcoin took the biggest hit, with $404 million flowing out—its worst week since April. Ouch! But don’t cry for Bitcoin just yet; it’s still leading the yearly tally with a whopping $20.1 billion in inflows so far in 2025. Talk about a comeback kid! 🎉

Meanwhile, Ethereum is just over there sipping its coffee, enjoying a 15th consecutive week of inflows with $133.9 million, despite the market drama. It’s like the cool kid in school who always has the latest sneakers. 😎

Are Altcoins the New Rockstars?

XRP, Solana, and a few other underdogs like Aave and SEI are still in the green, but let’s be real, it’s a bit of a ghost town out there. Solana pulled in $8.8 million, while Sui and Litecoin are just hanging on by a thread. Cardano? It’s just chilling, doing absolutely nothing. Classic Cardano! 😴

So, what’s the takeaway? After a month where digital asset products brought in over $12 billion, a little cooling off is to be expected. The real question is: who’s still going to be attracting flows when the dust settles? This week, XRP managed to keep its head above water better than most. Go XRP! 🎊

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2025-08-04 15:41