📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details
TL;DR
XRPUSD. Source: TradingViewA lot can change in the digital asset space within the span of just 12 hours. Recall that XRP stood tall earlier today at over $3.3 as the overall sentiment was dominated by the bulls with calls for a new all-time high (currently at $3.65).
However, the landscape worsened in the following hours, especially after the US government announced the inflation data on the wholesale level, which showed that it had risen by the highest percentage since June 2022.
XRP, which had already retraced to under $3.25, plunged once again. This time, the bears were a lot more persistent and drove the third-largest cryptocurrency to a weekly low of $3 (on Bitstamp and other exchanges).
Ripple’s token has bounced since then and currently sits at $3.1. Still, it has dropped by 4% in the past hour alone and over 5.5% on a daily scale.
Data from CoinGlass indicated that XRP traders have been wrecked for over $60 million in the past 24 hours, with longs responsible for more than 92% of that entire share.
The total value of liquidations has jumped above $1 billion, with ETH and BTC leading the pack ($307 million and $256 million, respectively).
Liquidation Heat Map. Source: CoinGlass