The Hong Kong Virtual Asset Consortium (HKVAC), provider of crypto market indexes, has dropped XRP">XRP from its top 5 global crypto rankings. Taking its place is Solana, which recently overtook XRP’s market cap.
HKVAC also cut Tron from its top 10 index in favor of rising star Avalanche. The moves reflect recent momentum and fluctuations among major alternative crypto assets.
Solana and Avalanche have attracted institutional interest for real-world asset tokenization and other blockchain adoption drives. Meanwhile, XRP and Tron have lagged after previous massive gains during the last bear market cycle.
The updates illustrate fast change even among entrenched altcoins as fund flows perpetually shift. As the U.S. approves spot Bitcoin ETFs, Hong Kong remains focused on bolstering regional crypto infrastructure with indexes vital for sophisticated products and services.
With indexes dictating fund composition and benchmarks, HKVAC’s criteria showcases winners and losers in a constantly evolving market. Rising stars like Solana and Avalanche continue eating into establishment names like XRP under this latest evaluation.
