What Happened in Crypto Today: Where Did All the Bitcoin Go?

Remember when back in March, Forbes called XRP a "zombie token"? Well, that aged like milk in the sun.

With Bitcoin's rally easing, XRP is making headlines and turning skeptics into believers.

We're talking about a 400% surge that just pushed XRP into the #3 spot by market cap.

The same XRP that was supposedly "dead in the water" back in March 2024 is now making Forbes eat their words. The crypto community isn't just celebrating – they're screenshot-hunting those old articles for some prime-grade social media roasting.

Funny how fast narratives can flip in crypto, isn't it?

So what exactly is going on? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:

• XRP just flipped Tether for the #3 spot with a mind-blowing 439% rally to $2.70. So time for XRP-based meme coins now? 🚀
• $588M in liquidations just rocked the market, with XRP traders taking the biggest hit. But how did XRP traders get liquidated? 📉
• Bitcoin's vanishing from exchanges faster than ever. What’s going on? 🫠
• MOG Coin jumped 20% after catching Coinbase's eye. Is Coinbase finally giving in to the meme coin craze? Which token is next on their list? 🎯
• Reserve Rights (RSR) pumped 88% on rumors about Paul Atkins becoming SEC chair. But why do people believe he's actually getting the job? 🤔

Let’s dive in!

XRP - Not a ‘Zombie Token’ Anymore

XRP just pulled off something remarkable - a 439% surge that pushed it past Tether to claim the third spot in the crypto rankings. At $2.70, XRP is now sitting at levels not seen since 2018.

Meanwhile, the meme coin rally seems to be hitting a temporary wall. Dogecoin slipped to $0.42, and others like Shiba Inu and Pepe are following suit.

But here's where it gets interesting - the XRP ecosystem is creating its own meme coin narrative. A token called ARMY exploded from under $1 million to $90 million in market cap in just days. One lucky trader turned $478 into $100,000 during this hype.

So time for XRP-based meme coins now? Read the full story!

Market Bloodbath?

A brutal 24 hours just wiped out $588 million in crypto positions, catching both bulls and bears off guard. XRP led the carnage with $69 million in liquidations after touching $2.82 - its highest point since 2017 - before taking a dive to $2.56.

Bitcoin traders weren't spared either. The drop below $96,000 triggered $60 million in liquidations, while Ethereum followed close behind with nearly $58 million wiped out.

But how did XRP traders get liquidated? Read the full story!

Investors Are Quietly Moving Their Bitcoin Off Exchanges

Something fascinating is happening with Bitcoin that most people aren't talking about.

Exchange reserves just hit their lowest point in years - we're down to 2.46 million BTC, with over 171,000 Bitcoin pulled off platforms like Binance and Coinbase since the November election.

Back in October 2021, exchanges held 3.2 million BTC. Now? That number has dropped dramatically.

So what’s going on? Read the full story!

MOG Coin Catches Coinbase's Eye and Takes Off

MOG Coin just got the nod from Coinbase.

The Ethereum-based meme token surged 20% after being added to Coinbase's listing roadmap, pushing its market cap toward a cool $1 billion.

So Coinbase is finally opening up to meme coins? What other tokens are on their list? Read the full story!

Former SEC Advisor's Token Jumps After Leadership Rumors

A former SEC commissioner might be taking Gary Gensler's seat, and one crypto token is already celebrating.

Reserve Rights (RSR) shot up 88% to $0.017 after rumors spread that Paul Atkins could be the next SEC chair.

Atkins actually advised the Reserve Rights Foundation in its early days, providing guidance that helped shape the project. The current Reserve CEO, Nevin Freeman, has good things to say about Atkins' balanced approach to crypto regulation.

So why do people believe he is going to be the next SEC chief? Read the full story!