XRP Rockets 7,676% in Liquidation Imbalance, 12,887.11% for Shiba Inu, Ripple CTO Back In Code — Crypto News Digest

Key Points

1. Ripple's CTO, David Schwartz, is developing a custom XRPL monitoring tool using a high-performance server setup, though the project has no official Ripple involvement.

2. XRP experienced a 7,676% imbalance between long and short liquidations, with over $2.61 million in long positions wiped out, signaling potential overexposure.

3. Shiba Inu saw a reported 12,887% increase in large holder outflows, but the dramatic percentage may be misleading due to low baseline values.

4. XRP's price dropped 2.94% to $2.97 amid the liquidation imbalance, with rapid sell-offs flipping support levels quickly.

5. The article highlights market volatility and on-chain anomalies in XRP and Shiba Inu, without clear long-term implications.