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In an odd occurrence, the USD value of the sixth-largest cryptocurrency by market capitalization, XRP, plunged massively as this seems to be a glitch on the Poloniex crypto exchange.

In particular, the XRP price fell to $0 on July 10 on the Justin Sun-backed trading platform, as seen on the XRP/USD weekly chart on Tradingview. However, the asset’s dollar value quickly recovered to close the day at the $0.47 price point.

This is not good. Price manipulation aka stop loss hunt. How many were liquidated ? The SEC has grounds to be declared a security.