The Bitwise $XRP ETF saw record single-day volume above $80M, following two sessions above $60M.

PDD also had an interesting earnings reaction.

The stock moved roughly 10% pre-market, while analysts trimmed targets to around $80–$127.

That suggests the market may be reassessing expectations, not just reacting to the report.

With Temu behind PDD, the bigger e-commerce story remains interesting.

I’ve got PDD on my radar through BingX TradFi.

Temporary reset or bigger repricing?

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