Santiment data shows that the number of wallets holding 10 million XRP and above has decreased by 18 since the news that the SEC was formally suing Ripple was released. However, the number of wallets holding 10,000 XRP and below remained unchanged.

Are retail investors awesome? The golden gun does not fall? ?

3. Brokers stop making markets and liquidity decreases.

It is reported that cryptocurrency high-frequency trading company Jump Trading, encrypted commercial bank Galaxy Digital, encrypted payment processor Simplex, and digital asset platform OSL have stopped XRP transactions and will no longer provide liquidity for XRP.

Ethereum developer Evan Van Ness is surprised that many exchanges have not delisted XRP yet. He said that the final solution may include: 1. Return of illegally obtained assets; 2. Ripple agrees that XRP is a security.

Messari analysts said that if the SEC wins the lawsuit and Ripple is characterized as a securities fraud, then XRP will withdraw from many exchanges, and the liquidity will dry up and the price will collapse severely.

According to Decrypt data on December 24, Bitcoin's market dominance reached 68%, while XRP's fell to 2.26%, a new low since 2017.

The 50% plunge in the past few days may be just an appetizer before returning to zero.

In response to the prosecution, Ripple CEO Brad Garlinghouse protested: "We are not wrong, and we will fight this battle aggressively and win in court to clarify the rules of the United States."

Kitao Yoshitaka, president of Japanese financial giant SBI Holdings, which invested in Ripple, also tweeted: "The Japan Financial Services Agency has made it clear that XRP is not a security. I am optimistic that Ripple will prevail in the final ruling in the United States. SBI Holdings is still Ri said. e and look forward to expanding together in Asia."

As the fourth largest cryptocurrency by market value, the plunge of XRP may be an opportunity for some people to increase their positions.

The market’s news of the SEC suing Ripple was only slightly flat at first, and BTC once broke through $24,000. However, the price dropped rapidly within hours, breaking through $23,000 to $22,616.

However, you may not need to worry too much. According to the performance of Bitcoin after Christmas in previous years, the volatility is not exaggerated.

Compared with the tenacious resilience of the leader, other currencies are not so good.

For example, NSURE in the DeFi insurance sector fell by 46% this week.

How many people's hearts are chilled or elated by the SUSHI that goes down with a needle?

There is also EOS, which has always been on people's minds, and has also fallen by more than 20% this month.

Judging from the monthly line, EOS is very similar to a dou that cannot be supported, but gives people hope.

In addition, GRT, which has been relatively popular recently, has also ushered in a situation of consecutive declines for several days.

The Christmas holidays are coming.

Trading, I do what I want; dating, I do what I want.