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.