CME's XRP and SOL Futures: A 5% Price Surge in Minutes! 😲

TL;DR:

The news that sparked this delightful spectacle hails from none other than the illustrious Chicago Mercantile Exchange (CME). According to SynopticCom, the esteemed Illinois-based global giant has added two of the top 10 cryptocurrencies by market cap – XRP and SOL – to its 2025 agenda.

Moreover, the page reads that futures trading for both assets will commence on February 10, provided they receive the necessary regulatory approvals. 📜

@SynopticCom: CME just added XRP and SOL futures page to their staging subdomain. Page says XRP and SOL futures are going live on Feb 10 pending regulatory review. Looks like they are preparing for the official announcement. Brace for paradise.
As always, posted this first on…
— Summers (@SummersThings) January 22, 2025

Although the CME Group’s team has yet to make this announcement public, the report had an immediate impact on the prices of the underlying assets.

XRP, the third-largest cryptocurrency by market cap, had plummeted to $3.13 ahead of the news going live but jumped by about 5% within minutes to just over $3.28. It has retraced since then slightly, but it’s still 10% up in the past week and close to the 2018 all-time high of $3.4. 📈

SOL, which has been on a roll since the Trump meme coin mania that started last Friday, went from under $255 to $270 within the same timeframe. Solana’s native token charted an all-time high during the weekend at over $290. 🚀

2025-01-23 00:16

CME’s XRP and SOL Futures: A 5% Price Surge in Minutes! 😲

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