šØš„ Crypto Market Shock: XRP Soars Over 5,000% to New All-Time Highā¦ But Not in the Way You Think! š±š„
A technical glitch on Coinbase recently showed Rippleās ($XRP ) price climbing to over $22.50, while the real price remains around $0.56 to $0.57. This kind of glitch is not unprecedented: similar anomalies have already inflated the value of XRP to astronomical levels on other platforms, such as $74.50 on Atlantis Exchange or nearly $250 on Crypto.com.
Latest glitch: XRP's price spiked to $22.54 on Coinbase on August 18, but this was just a temporary glitch.
š„ Glitch Alerts š„
Glitches on crypto exchanges can cause false spikes or drops in prices, disrupting normal trading activities and, in some cases, exposing platforms to security risks. However, there has been no indication that Coinbase has encountered any specific security issues this time around.
Background: This isnāt the first time a glitch has sent XRPās price skyrocketing. A similar incident occurred earlier this year on Atlantis Exchange, where XRP was listed at $74.50. Last November, a bug even sent XRP to nearly $250 on Crypto.com, matching the valuation of Binance Coin (BNB) at the time.
Today, the situation is quite different: XRP is the seventh largest cryptocurrency with a market capitalization of around $31.7 billion, while BNB ranks fourth with nearly $78 billion.
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