A TikTok character, often known as Money_talk_tok, is at a loss after investing $500,000 in XRP XRP/USD, the native token of Ripple.
What Occurred: The TikToker mortgaged his residence and shared his plan of investing all the quantity in XRP along with his greater than 50,000 followers on February 24, 2022.
On the time of the funding, XRP was buying and selling at $0.69, and the Concern & Greed Index prompt a market sentiment of “23.”
Nevertheless, the market sentiment didn’t cease the influencer from doubling down and investing his complete capital in cryptocurrency.
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Why It Issues: After conducting a sentimental evaluation of the market, Money_talk_tok believed that XRP had hit the underside and would bounce again, main him to take a position all the $500,000 in XRP within the hopes of gaining large income when the market regained its worth. He relied on the adage of being “grasping when others had been fearful.”
Present spot charges point out that the influencer is shedding greater than $150,000, with XRP buying and selling at $0.47 per coin, a 30% drop from the time of his funding.
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