According to @KobeissiLetter, amid a broader crypto crash yesterday, XRP’s market cap fell from $161 billion at 4:50 PM ET to $80 billion by 5:20 PM ET, a 50% decline in 30 minutes. According to @KobeissiLetter, the move was described as an unprecedented liquidation event. According to @KobeissiLetter, no cause was provided and the source asked what happened to XRP, indicating that a confirmed driver was not specified.

According to @MilkRoadDaily, XRP’s market capitalization is now larger than Shopify, Verizon, and Citigroup, underscoring XRP’s current valuation versus major U.S. corporations (source: @MilkRoadDaily). The source also highlights that Shopify runs millions of online stores, Verizon serves 140M+ customers, and Citigroup manages trillions in assets, providing traders with concrete benchmarks to contextualize XRP’s relative size when comparing large-cap crypto to equities (source: @MilkRoadDaily).

According to @milesdeutscher, XRP's market cap is approximately 12.10 times larger than LINK, highlighting a notable relative valuation gap between the two assets (source: @milesdeutscher on X, Aug 13, 2025). According to @milesdeutscher, this gap leads him to view LINK as better value at current levels, pointing to a relative value angle for traders comparing XRP and Chainlink (source: @milesdeutscher on X, Aug 13, 2025). Traders can monitor the XRP versus LINK market cap spread cited by @milesdeutscher for potential rotation and pair-trade frameworks focused on relative valuation (source: @milesdeutscher on X, Aug 13, 2025).