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Ripple Whales Buy $177M XRP Amid Renewed Market Interest, Here’s All
Amid a highly bullish XRP market witnessed recently, Ripple whales’ action to accumulate nearly $180 million worth of tokens has ignited investor optimism globally. Recent data highlights a strong accumulation trend as the American blockchain payments firm saw legal advancements in its favor, which also fueled a bull run in its native coin. Notably, as the lawsuit against the U.S. SEC nears a potential end, the native coin witnesses remarkable gains, securing a rank as the third largest crypto by market cap.
Ripple Whales Accumulate Heavily Amid Lawsuit Developments
Ripple whales’ recent buying has underscored renewed market interest in the asset, further escorted by legal developments. Whale Alert data on December 2 indicated that a series of accumulations occurred intraday.
As per the whale data, the wallet address r32…yLn bagged 50 million coins, worth $116.50 million, from the crypto exchange Upbit. Further, the whale address “rfQ…Cvi” was recorded as accumulating 25.08 million tokens, worth $61.08 million, from the crypto exchange giant Binance via two transactions. Collectively, these heavy buying transactions underscored heightened market interest in the asset, sparking investor optimism over more gains imminent.
On the other hand, with the American blockchain payments company eyeing a potential end to the XRP lawsuit, primarily in light of the new SEC under Donald Trump’s presidency, market sentiments for its native crypto remain bullish. CoinGape Media reported that attorneys Bill Morgan, Fred Rispoli, and Jeremy Hogan also proclaimed that the appeals would likely be dismissed or withdrawn in the lawsuit.
Overall, the XRP whale transactions amid these legal maneuvers have birthed significant optimism surrounding the asset among industry participants globally. Meanwhile, it’s also noteworthy that Whale Alert data flagged a staggering 770 million coins worth nearly $1 billion to be locked in escrow by Ripple. This mover by the blockchain company has added investor enthusiasm surrounding the crypto.
XRP Soars Past $2 Mark
At the time of reporting, XRP price surged nearly 29% intraday to trade at $2.39. The coin’s 24-hour low and peak were $1.87 and $2.49, respectively. Notably, the weekly and monthly price charts for the asset underscored gains worth 63% and 367%, respectively. Overall, this rising movement has echoed substantial market optimism for crypto, further solidified by the massive Ripple whale movements and legal developments.
Also, it’s worth mentioning that XRP overtook Solana and USDT to secure ranking as the third largest crypto by market cap amid its bull run topping $2. This bullish momentum has further cemented investors’ optimism over future movements amid a bullish Q4 crypto market and increased accumulations.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leading crypto exchange Binance issued a crucial update on crypto Notcoin (NOT), Radiant Capital (RDNT), KAIA, and Aerodrome Finance (AERO) on Wednesday. Notably, the digital asset trading platform revealed that it is delisting certain pairs for two of the mentioned assets while expanding support for the other two. In turn, crypto market participants are speculating over the future price actions of these four coins amid a broader bull market.
Binance Issues Updates on NOT, RDNT, KAIA, and AERO
In an official Binance announcement dated December 4, the crypto exchange giant revealed that it is delisting NOT/BNB and RDNT/BTC on December 6 at 03:00 UTC. This decision by the exchange comes primarily to “protect users and maintain a high-quality trading market.” Further, the announcement revealed that Spot Trading Bots services for the abovementioned pairs are also to be discontinued on the same date and time. Overall, the delisting chronicle has raised severe concerns among investors, reducing the assets’ market visibility.
Simultaneously, in another announcement, the crypto exchange behemoth revealed that it is expanding trade offerings for KAIA and AERO tokens. The exchange is launching KAIAUSDT and AEROUSDT perpetual contracts on December 4 at 14:00 and 14:15 UTC, respectively. Users remain primed to enjoy 75x leverage trading these tokens. Overall, these enhanced trade offerings spark investor optimism, providing the assets with enhanced market visibility.
The leading cryptocurrency exchange‘s announcements on all four assets have set off mixed investor sentiments regarding prices. While the enhanced offering paves the path for further gains, the discontinuation of support has raised bearish sentiments.
How Are The Coins Delivering?
Despite Binance’s delisting announcement, RDNT price was up 13% and is sitting at $0.105. Its 24-hour low and high were $0.08658 and $0.1059, respectively. Even NOT price gained 7% to $0.009623. Its 24-hour low and high were $0.008376 and $0.009651, respectively. These tokens have defied usual market sentiments, although market watchers continue to monitor them.
Besides, KAIA price soared 2% intraday to reach $0.3573. Its 24-hour low and high were $0.2692 and $0.3754, respectively. AERO price witnessed gains worth 16% in the past 24 hours and is currently trading at $1.92. Its intraday low and high were $1.57 and $1.85, respectively.
Altogether, the rising actions could be the effect of a broader Q4 bull market. Nevertheless, market watchers continue to keep these coins on the radar for further shifts.
Also, it’s noteworthy that Binance announced delisting BAND, GTC, AVA, and other tokens in BTC pairs in another similar chronicle. The crypto exchange’s announcements appear to have a highly influential stance and remain much-eyed in the industry,
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leading DeFi platform PancakeSwap on Wednesday marked a monumental stride, introducing a new token launch portal for BNB Chain, SpringBoard. This new platform is much-touted to be similar to Solana’s token launch platform Pumpfun.
PancakeSwap Launches SpringBoard Aiding Projects On BNB Chain
In an official announcement by PancakeSwap on December 4, the DeFi entity revealed that it is introducing an all-in-one platform to create and launch tokens on BNB Chain. This platform is called SpringBoard.
Notably, the newly launched portal is set to cause a stir in the market, offering revolutionary features. First off, no coding is required to create tokens on PancakSwap’s new portal. “Once you’ve configured your project’s name, ticker, and basic settings, your token will be live and ready for trading in minutes,” the announcement stated.
Further, the new portal also offers users low-cost and fair launch opportunities. This includes zero launch fee, transparent trading fees, and minimal seeding fee required for a token launch. Also, token launchers can choose multiple token pairings, ranging from BNB, USDT, and CAKE on this new portal. Additionally, another feature of the portal, the Farm Program, aims to offer projects increased liquidity with CAKE.
PancakeSwap’s announcement also offered a step-by-step guide for those looking to utilize the new platform for token launches. Further, in light of the new platform’s launch, CAKE price soared roughly 30% to $4.12. On the other hand, Solana’s Pumpfun has also garnered noteworthy attention amid this bull cycle.
Solana’s Pumpfun Gains Traction
CoinGape reported that Pumpfun achieved record-breaking monthly revenue in November, marking a 207% increase from October. This monumental stride comes against the backdrop of initial token launches such as WIF and POPCAT, followed by CHILLGUY, PNUT, MOODENG, and many others.
Simultaneously, the Solana-based token launch platform has also recently encountered significant backlash over its live-streaming feature. In the wake of this backlash, Pumpfun also suspended the live-streaming service the previous month. These chronicles have garnered significant attention to the Solana token launch platform. Meanwhile, PancakeSwap’s SpringBoard further remains poised to rival Pumpfun.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ronin Network (RON) saw a 33.18% jump in transactions in the past 24 hours, reported on-chain analytics platform Nansen. The total transaction count reached 2.55 million, a clear sign of increased user engagement. This surge raises questions about the network’s future potential and whether it could trigger a price rally. As momentum builds, attention turns to its’s continued growth in the blockchain space.
Ronin Network Sees 2.55 Million Transactions and $1.2 Billion TVL
Nansen has reported a significant 33.18% surge in transactions on the Ronin Network over the past 24 hours, with a total of 2.55 million transactions processed. This surge indicates heightened activity within the ecosystem, pointing to increased engagement and possible future growth.
This uptick in transactions comes as RON solidifies its position in the blockchain space, especially with its strong association with the popular game Axie Infinity. Currently, Ronin has 1.22 million daily active addresses and a Total Value Locked (TVL) of $1.2 billion. Despite supporting only 15 games, Ronin’s low fees and scalability have made it a preferred blockchain for gaming and decentralized finance (DeFi) projects, driving continued adoption.
Looking ahead, Ronin Network is preparing for a major transition to a permissionless blockchain in Q1 2025, which is expected to further broaden its ecosystem. As these developments unfold, the recent surge in transactions could indicate that the network is gearing up for more significant growth, potentially resulting in an upward price movement for RON, its native token.
Price Movement Shows Bullish Momentum
Ronin Network (RON) price was trading at $2.36, reflecting a 8% increase in the past hour. Over the last 24 hours, its price fluctuated between $2.049 and $2.36, showing solid price action. The token has seen impressive growth, with a 35% increase in value over the past week and a remarkable 80% gain in the last month. Coinglass data indicate a significant increase in derivatives trading activity.
With a market capitalization of $824 million and a 24-hour trading volume of $56 million, RON has garnered significant attention in the market. The token’s recent performance, along with the surge in network transactions, suggests a growing bullish sentiment around the Ronin ecosystem. If the current momentum continues, RON price could see further upward movement, potentially benefiting from the expanding user base and upcoming network developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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