The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions.
According to Josh Frank of crypto-focused research company The TIE, the project is experiencing a collapse similar to some of the biggest corporate scandals and catastrophes in recent history.
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![XRP the 'third largest collapse of all time' says The TIE’s Josh Frank](https://d1-invdn-com.akamaized.net/content/picb24bc0eec357e4c7d061b4eb3a08a138.jpg)