Farcaster

The “slow weekend” in question ended up being extremely fast in terms of top cryptos losing their value. For instance, XRP lost over 10% in 24 hours (some sources name a 15% drop in one day). That was the worst day since Dec. 18, 2024, when the Fed announced slower tax rate cuts and sent the stock and crypto markets down the drain. Bitcoin saw a nearly 7% drop, too.
We don’t have evidence pointing out that Garlinghouse’s tweet had anything to do with the market crash, no matter how many times Bitcoin maxis are citing the Ripple CEO’s words that without selling XRP, Ripple won’t be profitable or have positive cash flow. However, the infamous quote made a new ripple of mentions in the post-crash discussion.