XRP trading volume doubles following historic Binance hack

XRP trading volume doubled the day following a major $6.3 billion Binance hack . However, the price moved in the completely opposite direction. Notably, XRP was trading at $1.25 at press time, October 30, after declining 2.6%, while its 24-hour trading volume jumped 120% to approximately $4.73 billion, per CoinMarketCap . The sharp increase in trading activity suggests heightened market participation as traders reacted to the drama surrounding the security incident. Binance hacked; the crypto market wipes $130 billion XRP fell as part of a broader decline in the cryptocurrency market, whose total market capitalization fell 2.47% over 24 hours, wiping out $130 billion. Bitcoin ( BTC ) fell approximately 2.65%, while Ethereum ( ETH ) dropped around 4%, showing that the pressure was not limited to individual cryptocurrencies.

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