đšBREAKING NEWS: Ripple (XRP) Delisting Drama Unfolds! Why the Exodus?
This week witnessed a ripple effect as major cryptocurrency exchanges, including Coinbase and Okcoin, hit the brakes on XRP trading.
đ Why the sudden plunge into delisting territory? đ€
The culprit? The Securities and Exchange Commission's bombshell complaint against Ripple Labs! đŁ
đ Accusing Ripple of orchestrating a $1.3 billion unregistered offering with XRP sales, the SEC categorizes XRP as a security, not a cryptocurrency.
Result? XRP nosedived 31% on Tuesday, marking a staggering 75% loss since its recent peak in November. Investors, enticed by a weaker US dollar, had fueled XRP's surge, but now the tides have turned.
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