XRP Market Cap Falls $13 Billion as Token Drops 9% to $2.27

XRP's market capitalization declined $13 billion in 24 hours, dropping from $150.38 billion to $137.39 billion. The token fell 9% to $2.27 following the debut of the first U.S. spot XRP ETF on Nasdaq. Major holders sold 1.4 billion XRP tokens over the past month, intensifying downward pressure.