After XRP re-launched on Gemini, the price of the currency soared to $50 due to insufficient liquidity

2023-08-11 15:21:50BlockBeatsShare to:

BlockBeats news, on August 11, according to Coindesk, XRP briefly soared to $50 after Gemini was relisted yesterday, which made the market value of the token soar to trillions of dollars in a few minutes. The coin price stayed at this level for a few minutes before returning to its normal price ($0.63 per coin). Market Depth data shows that XRP liquidity on Gemini remains relatively low, with an order of just $37,000 able to boost XRP prices by 2%. In comparison, it would take at least $2.2 million to generate the same price movement on Binance.

XRPIntro

$XRP is a native tok...All

XRPMarkets

Price$0.6343 USDPrice Change (24h)+0.65%Trading Volume (24h)$487,454,773.61 USD
Market Cap$28,859,947,827.49 USDCirculating Supply55,288,951,055 Max Supply:100,000,000,000

Disclaimer: The information provided in this section doesn't represent any investment tips or Bi123.co's official position.

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