<ul><li>XRP's market cap increased by $16.6 billion in just thirteen hours, driven by net spot inflows of only $61 million.</li><li>The relationship between net flows and value expansion can range from 15× to 30×, showing market capitalization is a context-free snapshot.</li><li>Incremental bids walking the ask ladder on exchanges like Binance and Coinbase trigger automated market-makers to adjust offers higher, leading to a geometric expansion of market cap.</li><li>The difference between realized cap and headline cap in XRP highlights the impact of dormant coins on market dynamics, emphasizing the importance of focusing on volume-weighted liquidity metrics for traders.</li></ul>

XRP Market Cap Jumped $16.6 Billion—The Cost? You Won’t Believe It

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