Ripples Court Victory Triggers Surge in XRP and SOL AUM

By Cora Skindell Jul 26, 202353Views

, , ,

Key Points:

– Assets under management (AUM) for investment funds linked to Stellar’s XLM, Ripple’s XRP, and Solana’s SOL increased in July.
– The increase in AUM came after a U.S. judge ruled that the sale of XRP tokens did not constitute investment contracts.
– AUM for XLM-based products rose by 62.7% to $17.3 million.
– XRP-based products saw a 33.2% increase in AUM to $65.7 million.
– SOL-based products experienced a 55.7% increase in AUM to $87.8 million.

Hot Take:

The recent court victory and positive developments surrounding XLM have contributed to the surge in assets under management for XLM, XRP, and SOL. This indicates growing investor interest and confidence in these cryptocurrencies. It will be interesting to see how these gains continue to develop in the coming months.

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Cora Skindell

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.