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Ripple Chairman Chris Larsen Transfers Another 20M XRP After Moving 50M

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4 months ago

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In a transaction, Ripple Chairman Chris Larsen has transferred 20 million XRP from a previous shuffle of 50 million tokens.

Speculation puts the likely destination to be Binance, given the history of previous transactions made by the recipient address, though this is yet to be confirmed.

XRP Whales Make Waves With Larsen Massive Transfers

Earlier on Sept. 16, one of Larsen’s wallets transferred 50 million XRP in the first major transfer since its creation back in 2013. The transaction turned a new address on with 11 XRP and then transferred the 50 million tokens, part of which has transferred to another wallet recently.

Whales Stir As 40M XRP Get Moved Within An Hour In a series of transactions on Sept. 20, the address rao…gzS transferred in four batches 20 million XRP, each batch comprising 5 million tokens to an unknown wallet, rHo…Spm between 18:25 and 18:30 UTC.

With these movements, rao…gzS still maintains 30 million XRP from an initial supply of 50 million he earlier received. The destination wallet, rHo…Spm currently holds the 20 million XRP but its transaction history suggests it may well be dumped into the market anytime soon.

Recently, Vice President Kamala Harris scheduled crypto-related discussions to engage with cryptocurrency advocates. Among those endorsing her efforts are prominent American business figures, including Ripple’s Executive Chairman, Chris Larsen. Anthony Scaramucci also voiced support, noting that these steps mark progress in the right direction for the industry.

XRP Hack Fears Resurface Amidst Binance Transfers

It is also renowned for collecting big chunks of XRP from several addresses, holding them for a while, and then transferring them to Binance. Hence, many people are assuming that the recent 20 million XRP transferred from Chris Larsen could be directed to Binance.

Others have said that these movements could be related to the possible hack. Similar transfers from another wallet belonging to Larsen were, in February, confirmed to have taken place as a result of a hack, where 212 million XRP were stolen by the hackers.

Some new rumors have emerged about a fresh hack because some tokens have moved around different addresses recently. These rumors seem unlikely to be true because the first transaction happened almost five days ago and Larsen has said nothing about any exploit.

Meanwhile, tokenization of Real World Asset (RWA) is gathering pace as big players of the industry have begun shifting focus to the latest trend in the blockchain. SkyBridge Capital founder Anthony Scaramucci said during the Breakpoint 2024 conclave that tokenization would play a big role in transaction verification, and Solana would play an important role in the future of tokenized assets.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

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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SUI Jumps 5% in 24 Hours, But This Crypto Could Steal the Show

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12 minutes ago

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January 26, 2025

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SUI, a Layer-1 blockchain developed by Mysten Labs, continues to dominate headlines with a 5% surge in just 24 hours. This follows a consistent bullish trend and the anticipation of unlocking 2% of its total supply in February. But while SUI impresses, another contender, Nebula Stride (NST), is emerging as a game-changer poised to revolutionize how we think about crypto and real-world assets.

SUI’s Recent Price Performance and Developments

SUI is at the forefront with the introduction of Mystceti V2 consensus and Remora scaling, innovations set to revolutionize blockchain efficiency by 2025. These developments aim to process up to 120,000 transactions per second, positioning SUI as a direct competitor to Solana. Additionally, privacy enhancements through zero-knowledge proofs are on the horizon, promising a more secure user experience.

The market has responded positively, with SUI hitting a new all-time high in stablecoins, up 25.78% within the last 30 days. SUI’s upward trajectory is hard to ignore.

Additionally, from $0.90 in August 2024 to an all-time high of $5.35 on Jan 06, 2025, the token has grown exponentially.

SUI has also achieved a significant milestone with 50 million accounts, solidifying its position as a leading Layer-1 blockchain. The Total Value Locked (TVL) in Sui’s ecosystem soared to $1.75 billion by December 2024, showcasing increased investor confidence and activity.

Despite retracing slightly to the current value of $4.17, recent charts show SUI printing a Hidden Bullish Divergence on the RSI, suggesting potential for continued upward movement. Analysts on X have noted SUI’s price movement mirroring Bitcoin’s during the 2017 bull market, indicating strong bullish momentum.

However, while SUI celebrates its achievements, another cryptocurrency, Nebula Stride (NST), is poised to potentially eclipse these gains with its unique proposition:

Nebula Stride (NST): Bridging the Gap Between Crypto and Real-World Assets

Nebula Stride (NST) is transforming the blockchain landscape by allowing fractional ownership of tangible assets like real estate, art, and commodities. This opens up a market previously inaccessible to the average investor, potentially fueling massive adoption and price surges for NST.

Emerging as one of the top RWA tokens and early-stage cryptocurrencies, NST is priced at a mere $0.02, offering a low entry barrier with significant upside potential as the tokenization of real-world assets gains traction. The platform’s focus on user-friendly infrastructure and tangible asset investment could lead to high returns for early investors.

NST supports both institutional and individual investors through a robust ecosystem that includes asset management tools, educational platforms, and microloans. This inclusivity broadens its appeal, aiming to create one of the pioneers in the RWA sector.

Nebula Stride (NST)Nebula Stride (NST)
Nebula Stride (NST) Tokenomics

Why NST Could Outshine SUI

While SUI excels in blockchain performance, NST’s focus on RWAs gives it a unique edge. Here’s why:

  • Broader appeal: NST’s integration with real-world assets attracts a diverse audience, including traditional investors seeking exposure to tokenized assets.
  • Mass adoption potential: By simplifying access to high-value investments, NST can drive widespread adoption beyond the crypto community.
  • Market disruption: Tokenizing RWAs could disrupt traditional investment sectors, unlocking new opportunities for both individual and institutional investors.
  • Tangible utility: Unlike SUI, which primarily enhances blockchain efficiency, NST offers a direct connection to the physical economy, fostering stability and long-term growth, as one of the best new cryptocurrencies to invest in.

Final Thoughts: The Road Ahead for SUI and Nebula Strides

SUI’s developments in technology and expanding ecosystem, position it as a strong contender in the blockchain arena. Nevertheless, Nebula Stride’s pioneering approach of tokenizing real-world assets makes it a significant competitor for future leadership. Thanks to its affordable entry cost, adaptable infrastructure, and practical uses, NST is set to not only support but possibly surpass SUI in the cryptocurrency arena.

As the industry evolves, both SUI and NST demonstrate the immense potential of blockchain technology. While SUI sets new standards for performance and scalability, NST’s focus on bridging digital and physical assets could redefine the crypto space. Investors should keep a close eye on both projects as they navigate the exciting and rapidly changing world of blockchain innovation.

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Jane Lubale

With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.

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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Can Dogecoin Price Hit $20? Here’s What Will Happen If DOGE Repeats Previous Cycles

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1 hour ago

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January 26, 2025

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Crypto analyst Trader Tardigrade has raised the possibility of the Dogecoin price rallying to as high as $20 in this bull run. The $20 price prediction came into the picture as the crypto analyst revealed what would happen if DOGE repeated previous cycles. 

Dogecoin To Rally To $20 If This Happens

In an X post, Trader Tardigrade predicted that the Dogecoin price could rise to as high as $20 if it replicates its historical performance. He noted that Dogecoin experienced bull rallies after surpassing the previous candle body high in 20217 and 2021, with gains of 3,000% and 8,000%, respectively. 

In line with this, he predicted that the Dogeocoin price could rally to as high as $20.68 if DOGE follows a similar pattern. Interestingly, Trader Tardigrade previously predicted that DOGE could rally to as high as $8 if it mirrors the 2017 bull run and rally to as high as $30 if it mirrors the 2021 bull run. 

Dogecoin
Aligning price trend points to $20 for DOGE | Source: Trader Tardigrade on X

Meanwhile, the crypto analyst also suggested that the foremost meme coin could soon begin the next leg of its bull run. In another X post, he stated that the Dogecoin price has broken out a converging triangle and the moving average convergence divergence (MACD) shows a bullish crossover. He added that DOGE may start a bull rally from here. 

Crypto analyst Ali Martinez also hinted a bullish reversal for the Dogecoin price. In an X post, he stated that the TD Sequential has presented a buy signal on DOGE’s hourly chart. This indicates that the foremost meme coin could be well primed to record another move to the upside. 

DOGE’s Outlook Is Far From Bearish

In an X post, crypto analyst Kevin Capital made a case for why the Dogecoin price is far from being bearish. He stated that DOGE is still seeing fast expansion on the 50 and 200 moving averages after its weekly golden cross occurred. He added that the meme coin is above the macro golden pocket at $0.26 and is battling the macro .786.  

In line with this, he suggested that there was no reason for market participants to be bearish on the Dogecoin price. However, in the meantime, he mentioned that he wasn’t focus very much on DOGE or other altcoins because the Bitcoin price will determine the next move in the market. The crypto analyst reassured that nothing has changed regarding DOGE’s bull run, stating that cycle tops don’t occur when everyone is bearish. 

Crypto analyst Javon Marks also recently made a bullish case for the Dogecoin price, predicting that it could witness at least a 5x increase from its current level. 

​​At the time of writing, the Dogecoin price is trading at around $0.35, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.34 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com



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JUP Price Soars 8% As Solana DEX Jupiter Acquires Majority Stake In Moonshot

Published

19 hours ago

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January 25, 2025

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Solana DEX Jupiter’s native coin JUP price jumped nearly 8% on Saturday, primarily riding the back of remarkable community developments. Notably, the DEX platform has marked monumental strides, acquiring a majority stake in the crypto trading platform Moonshot, among other advancements. As an upshot, the native token’s price soared remarkably intraday, with market watchers anticipating further gains amid recent developments.

JUP Price Bullish Amid Jupiter’s Moonshot & Sonarwatch Acquisition Plans

Jupiter co-founder, going by the pseudo-name Meow, posted on X as of January 25, revealing that the Solana DEX has acquired a majority stake in Moonshot. Intriguingly, Moonshot is a crypto trading platform that focuses on meme coin transactions, and it has recently gained a large number of new users in the wake of the Trump token event and soaring focus toward the top meme coins. Primarily, the stake acquisition sparked significant market discussions, paving the way for collaboration between the entities for the “future of memes,” as indicated by the co-founder on X.

Further, it’s also worth pointing out that DEX acquired Sonarwatch, a Solana on-chain portfolio tracker. Notably, with this acquisition, the DEX aims to launch a page where users can track Solana’s on-chain activity. Overall, these movers appear to have cemented a bullish market sentiment for the DEX’s native coin, as seen by the recent upswing in JUP price.

Jupiter Goes Back Into Beta: What’s Happening?

Meanwhile, another X post by the DEX’s community today revealed that the platform is going into the beta phase as its reinvented platform is now live. The Jupiter Spot V2 has been introduced, with key features likely to be rolled out over the next few weeks.

Notably, the new reinvented platform is set to offer features such as ultra Mode, RTSE, organic scoring, smart trigger orders, Jupiter Shield, magical mobile updates, and major changes to perps and JLP, a liquidity token for the DEX’s perpetual platform. Altogether, this monumental feat has further uplifted the market sentiment for JUP price.

It’s also worth mentioning that the Solana DEX today revealed a revolutionary idea, allowing users to deposit JLP and borrow USDC. This maneuver further supports the stablecoin by offering higher utilization rates whilst also enhancing APY for JLP holders. In turn, broader ecosystem perspectives for Jupiter and its native token remain optimistic amid the abovementioned advancements.

JUP Price Soars 10%

At the time of reporting, JUP price witnessed a staggering 10% pump and is sitting at $0.9425. The coin’s 24-hour low and high were $0.8208 and $0.968, respectively. As mentioned above, the latest ecosystem developments appear to have sparked a bullish sentiment for the native token as it defies the broader crypto market trend. Traders also reacted positively to the announcements, as flagged by a 13% rise in the intraday trading volume to $441.88 million.

Coinglass data showcased an 18% surge in the coin’s futures OI to $263.87 million. Further, even the derivatives volume shot up by 30% to $1.08 billion. This indicated that the asset enjoys a bullish trend amid rising market interest, primarily driven by the latest ecosystem developments.

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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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