XRP and Solana Prices Surge After CME Futures Leak, Then Recede Following Clarification
The prices of XRP and Solana (SOL) experienced a brief surge on Wednesday after reports indicated that the Chicago Mercantile Exchange (CME) might be preparing to launch futures contracts for both cryptocurrencies. However, the rally was short-lived after CME clarified that the information was posted in error.
The speculation began when a post on X revealed that CME had accidentally published a futures page for XRP and SOL on its staging subdomain, suggesting that the futures contracts could go live as early as Feb. 10, pending regulatory approval. Screenshots of the page quickly spread across social media, leading to a surge in trading volume for both tokens.
In response to the potential listing, XRP and SOL saw 3% price increases, according to TradingView data, as traders anticipated that futures contracts could enhance institutional access and liquidity for the cryptocurrencies.
However, later in the day, a CME spokesperson clarified that the page was posted by mistake. “A beta page from our website was released in error earlier today,” the spokesperson explained to CoinDesk. “This test environment includes mock-ups, and no decisions have been made regarding the listing of XRP or SOL futures contracts.”
Following the clarification, both XRP and SOL reversed their gains and fell along with the broader crypto market. Despite the error, the brief excitement over the potential CME listing highlighted the growing interest in institutional products for leading cryptocurrencies.
