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XRP's Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

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$XRP temporarily surged to $50 on Gemini, which pushed the token's market cap to trillions of dollars for a few minutes at least. By shauryamalwa.

XRP temporarily surged to $50 on crypto exchange Gemini, which rocketed the token's market capitalization to trillions of dollars if only for aPrices shot up to those levels for a few minutes at 20:30 pm UTC on Thursday before immediately reverting to parity with the spot markets on other exchanges.

The bump, which took a few seconds to correct, was likely a result of low liquidity in the hours following a token relisting on Gemini, during which a buyer may have placed an outsized market order – which was filled at an outrageously high price. As such, XRP traded at levels higher than the broader market for at least a few hours, price chat data shows.

 

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