Sun Ge in the morning just transferred 2000 BTC worth about $188 million from HTX to Binance. In the afternoon, the ETF for Ripple (XRP) with a value of $XRP was approved.
Surprisingly, it was approved even earlier than $SOL ? However, the increase after landing was quite limited, which is somewhat unexpected 🤔.
It inevitably raises curiosity: Can XRP take the second market cap throne from Ethereum next?
From the market reaction, the positive news of the ETF approval may have already been digested in advance, combined with the overall market volatility and the impact of fund diversion, resulting in XRP's short-term increase not meeting expectations.
However, from another perspective, its unique advantages in the cross-border payment field, signals of improved regulatory environment, and strong performance since 2025 indeed add some suspense to this "battle for second place".
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