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XRP and Cardano prices slump amid leadership shifts and crypto market liquidity drains to AI and SpaceX futures.

Market News
04 Jun 2026
UToday
View Source
Bearish
pluang ai news

XRP's price dropped to $1.14, with Ripple's former CTO David Schwartz stating crypto prices often defy logic amid retail investor frustration. Cardano's ADA hit a 5-year low at $0.1917 as founder Charles Hoskinson announced a break following internal governance conflicts that froze development funding. Coinbase's launch of SpaceX pre-IPO futures signals a major liquidity shift from native crypto tokens to traditional tech and AI sectors, reflecting a broader $2 trillion market cap loss since October 2025. This shift is driven by institutional investors reallocating capital ahead of significant IPOs, intensifying pressure on crypto assets and highlighting systemic challenges in the crypto market's ability to retain investment.

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