XRP Tokens Flood Binance Amid Market Volatility
The number of XRP tokens available for sale on Binance has surged to 2.61 billion due to increased sell pressure and market volatility, causing XRP's price to drop.
This decline in price led to a decrease in XRP's market capitalization, which fell to around $64 billion.
As a result, XRP lost its position as one of the top 4 cryptocurrencies by market capitalization, falling to 6th place behind BNB and stablecoins USDT and USDC.