XRP Fund Flows Soar Amid Meme Coin Presale Frenzy

XRP has seen a significant increase in fund flows, with $39.78 million in net inflows reported for the week, according to Terminalcraft's August 22 report citing SoSoValue data.

The report stated that the majority of this flow came from a single day, August 21, which accounted for $18.38 million of the weekly total.

This influx of funds into XRP ETFs is not necessarily indicative of a broader market trend or a guarantee of future demand.

Apeing, a meme coin presale project, has stated that it will launch with a Stage 1 price of $0.0001 and aim to reach a listing target of $0.01.