What happened?
The market dropped about 3.5% today, with ETFs seeing big outflows and XRP, Pi Coin and Shiba Inu all falling sharply. XRP is down roughly 5% today and has been weaker over the past month, Pi has pulled back after mixed migration news, and SHIB is deeply oversold and lagging other top coins. Meanwhile, a new presale token called PEPENODE raised over $2 million, signaling interest in riskier, early-stage projects.
Who does this affect?
Retail and institutional investors holding XRP, PI or SHIB feel the pain from the recent sell-off and changing flows into ETFs. Traders who chase momentum or trade oversold bounces will be watching these coins closely, and whales or large holders can move prices more on thin volume. New presale buyers and speculative funds are also affected because tokens like PEPENODE can siphon capital and add volatility when they list.
Why does this matter?
The sell-off and ETF flow shifts change where money goes in crypto, meaning ETF launches could quickly boost demand for XRP while lack of listings keeps pressure on smaller coins like PI and SHIB. Oversold indicators suggest a rebound is possible, but real gains depend on listings, ETF approvals and positive news — so market moves could be sharp and uneven. Overall, expect higher short-term volatility as investors rotate between established coins, ETF-driven demand, and risky presale projects, which affects liquidity and price discovery across the market.