The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions.
According to Josh Frank of crypto-focused research company The TIE, the project is experiencing a collapse similar to some of the biggest corporate scandals and catastrophes in recent history.
Source and continuation of the article:
https://cointelegraph.com/news/xrp-the-third-largest-collapse-of-all-time-says-the-tie-s-josh-frank