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Ripples Court Victory Triggers Surge in XRP and SOL AUM

Ripples Court Victory Triggers Surge in XRP and SOL AUM

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.

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Ripples Court Victory Triggers Surge in XRP and SOL AUM