Altcoin
Ripple Moves Another 60M XRP After 200M, What’s Happening?
Ripple has moved another 60 million XRP tokens from its wallet, after it moved 200 million XRP, on Wednesday. This has sparked speculation within the XRP community whether it is related to the lawsuit appeals filed in the US Court of Appeals for the Second Circuit.
Meanwhile, XRP price has dropped nearly 3% to an intraday low of $0.529 as whales and traders reacted to Ripple moving
Ripple Moves 60M XRP Ahead Form C Filing in SEC Lawsuit
Crypto payments firm Ripple transferred 60 million XRP tokens to two wallets on October 23, according to Whale Alert. The transactions were done in quick succession, with two transactions with 30 million XRP moved to separate wallets.
Notably, the transfers to these wallets have raised speculation as Ripple earlier moved 30 million XRP to same wallets near key filings and decisions in Ripple vs SEC case.
The company moved 30 million to a wallet after Judge Analisa Torres issued the order of $125 million penalties in the XRP lawsuit. As per explorer data, the wallets were earlier used to dump some XRP tokens to crypto exchange Binance.
On Tuesday, Ripple moved XRP valued at $109 million, as the legal battle with the US SEC nears the critical appeal stage. The 200 million tokens move sparked speculation in the community.
XRP Price Falls to Support
While the long-running U.S. SEC v Ripple Labs lawsuit has impacted the XRP price rally, some experts believe the appeals will continue to make an impact for a few years. However, price predictions by analysts and recent developments by the company indicate otherwise.
Chris Larsen has filed a notice of appearance in the appeal court after the court provided an extension. The company will file Form C and D later this week.
The transfers from Ripple-related wallets can cause selloffs by whales. This could further weaken the upside momentum in XRP price.
XRP price fell 3% in the last 24 hours as the Ripple vs SEC lawsuit to proceed in the court of appeals. The price is currently trading at $0.52, with a 24-hour low and high of $0.525 and $0.541, respectively. Furthermore, the trading volume has decreased by 30% in the last 24 hours.
In the derivatives market, total futures open interest dropped 2% over the last 24 hours. XRP futures OI of 1.45 billion is now valued at $761.69 million, as per Coinglass data.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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.
In a riveting turn of events, leading cryptocurrency exchange Binance announced plans to delist four crypto on Wednesday, raising eyebrows among market participants globally. The digital asset exchange highlighted plans to delist the Rupiah Token, Keep3rV1, Ooki Protocol, and Unifi Protocol DAO cryptocurrencies shortly ahead. Simultaneously, IDRT, KP3R, OOKI, and UNFI prices slipped 0.5%-46% in tandem with the announcement.
Market enthusiasts speculate whether the coins’ prices could witness further dips in light of the discontinued support by one of the leading cryptocurrency exchanges.
Binance To Delist IDRT, KP3R, OOKI, and UNFI Raising Market Concerns
According to an official Binance release dated October 23, the cryptocurrency exchange giant will delist IDRT, KP3R, OOKI, and UNFI crypto on November 6. “The exact trading pairs being removed are: KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, USDT/IDRT,” the announcement spotlighted.
Notably, the exchange will cease trading and remove all trade orders in each respective trading pair on the mentioned date. This implies that the aforementioned tokens’ valuation will not be available in users’ wallets after the delisting process concludes.
Also, the exchange clarified that deposits of these tokens will not be credited to any user’s account after November 7. Simultaneously, withdrawals for the same will not be supported by the exchange after February 6, 2025, starting 03:00 UTC. The usual stablecoin conversion process may be applied after February 7, the next year, for a seamless delisting process for users. However, the announcement clarified that this mover is still not guaranteed, and the digital asset trading platform will notify its users if this were to happen.
Simultaneously, Binance Simple Earn will delist the four tokens after November 11 this year, per the announcement. Moreover, the UNFIUSDT USD-Margined perpetual contract will cease as of October 30 at 09:00 UTC. The cryptocurrency exchange also announced discontinued support for KP3R, OOKI, and UNFI Cross and Isolated Margin pairs, among other things. Overall, the announcement has reverberated bearishness for these four digital assets across the broader industry.
How Are The Crypto Performing?
At press time, KP3R price witnessed a 41% crash in value and is currently trading at $31.47. The coin’s intraday low and high were $32.53 and $54.08, respectively.
Simultaneously, IDRT price traded at $0.00006377, down nearly 0.5% at press time. The coin’s 24-hour low and high were $0.00006374 and $0.0000641, respectively.
UNFI price crashed 42% intraday and is currently sitting at $1.57. Its intraday low and high were $1.60 and $2.78, respectively. Lastly, OOKI price tanked 46% over the past day and is now trading at $0.0007154. The coin’s intraday low and high were $0.0007115 and $0.001373, respectively. Notably, the mentioned crypto witness a price crash primarily mirroring a bearish market sentiment in light of Binance’s discontinuation of support.
On the other hand, the cryptocurrency exchange also recently ‘listed’ Simon’s Cat, conversely sparking CAT price gains. Collectively, the abovementioned chronicles underscore the digital asset firm’s remarkable influence across the broader sector.
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.
Binance, one of the world’s largest crypto exchanges, has declared the delisting of four altcoin’s spot trading pairs.
This action, set to take effect on November 6 at 03:00 UTC, reflects Binance’s attempts to enhance market quality.
What Token Holders on Binance Need To Do?
Binance periodically evaluates the performance of its listed trading pairs to ensure they progressively meet a high level of standard and industry requirements. Based on this, it removes or delists those that fall below the bar. The exchange claims these measures protect users and uphold a high-quality trading environment amidst a changing market.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Against this backdrop, the exchange will delist trading pairs for Rupiah Token (IDTR), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Specifically:
- USDT/IDRT
- KP3R/USDT
- OOKI/USDT
- UNFI/TRY, UNFI USDT, and UNFI/BTC
Noteworthy, Binance will remove all trade orders after trading ceases in each respective trading pair. This means that token holders would no longer be able to view the valuation of these tokens in their wallet after delisting.
Amidst these Binance delistings, the exchange has given a window for token holders, noting that deposits after November 7, 2024, at 03:00 (UTC) will not be credited to users’ accounts. Furthermore, withdrawals of these tokens from Binance will not be supported after February 6, 2025, at 03:00 (UTC).
Binance might convert the delisted tokens into stablecoins on February 7, 2025, at 03:00 UTC. While this is subject to confirmation, the exchange committed to a separate notification before the conversion.
“A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion,” the crypto exchange explained.
This means users with an interest in these pairs should revise their trading strategies accordingly. Importantly, the exchange will also eliminate KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/USDT cross, and isolated margin pairs from Margin. Binance advises traders to either cancel or update their automated trades to avoid potential financial losses.
In the immediate aftermath of this round of delisting news, the value of KP3R, OOKI, and UNFI tokens has severely dropped.
Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season
This is unsurprising, given the history of token delistings on Binance has often resulted in price volatility, leading to substantial price drops for concerned altcoins
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Altcoin
Dogecoin And Shiba Inu Go Head-To-Head For Price Dominance – A New King Emerges For $9,230% In The Next 30 Days
As the Dogecoin price and Shiba Inu price compete for supremacy, a new contender, ETFSwap (ETFS), is capturing attention with an astonishing forecast of a $9,230% increase over the next 30 days, positioning itself as a potential game-changer in the crypto market.
Dogecoin Gs. Shiba Inu: The Battle For Price Dominance Heats Up
Dogecoin price and Shiba Inu price have been locked in intense rivalry for market dominance, captivating both investors and crypto enthusiasts. These meme-inspired cryptocurrencies have gained massive popularity, with their communities driving for greater adoption and price increases. However, as market conditions shift, the question of which coin will claim price supremacy remains uncertain.
Dogecoin price has remained relatively steady compared to its past spikes, largely fueled by social media buzz and endorsements from high-profile figures like Elon Musk. Though the Dogecoin price has slowed recently, analysts predict it could rally again from $0.121 if it breaks through key resistance levels. Analysts believe that its strong presence and loyal following give the Dogecoin price a solid standing, but competition with Shiba Inu price is still fierce.
Meanwhile, the Shiba Inu price has shown impressive resilience, positioning itself as a strong rival to the Dogecoin price. The introduction of Shibarium and its growing influence in decentralized finance (DeFi) have generated optimism around the Shiba Inu price, stabilizing it at $0.0000178. With expanding utility and a dedicated community, the Shiba Inu price could potentially outpace the Dogecoin price over time. Yet, the unpredictable nature of the market keeps the competition intense. As the Dogecoin price and Shiba Inu price battle for leadership, ETFSwap (ETFS) stands apart with its unique utility, poised for an incredible $9,230% surge within 30 days.
ETFSwap’s (ETFS) Cutting-Edge Utilities To Fuel Unprecedented $9,230% Surge
Leading cryptocurrency analysts foresee a shift in how both institutional and individual investors perceive ETFs, driven by the innovative ETFSwap (ETFS) platform. This is because ETFSwap (ETFS) is expected to ignite significant demand by tokenizing ETFs, with projections of a staggering $9,230% surge over the next 30 days.
Experts have highlighted ETFSwap’s (ETFS) user-friendly interface, which simplifies ETF trading for beginners and offers 24/7 access, thus enhancing the opportunity for investors to capitalize on its rapid growth.
The platform’s unique value lies in its decentralized access to traditional Exchange-Traded Funds (ETFs), providing immense potential for investing. The increasing demand for ETFSwap (ETFS) is fueled by its native token, ETFS, which powers the ecosystem and drives its innovative functionalities.
Moreover, ETFSwap (ETFS) positions itself as a strong contender to the Dogecoin price and Shiba Inu price by smoothly bridging the gap between cryptocurrencies and ETFs. With low transaction fees, high security, and a perpetual trading model, the platform creates a dynamic environment where traders could experience the anticipated $9,230% surge.
ETFSwap (ETFS) further establishes its credibility by backing tokenized assets with securities from reputable financial institutions through collaborations with MiCA-compliant partners.
Certifications from SolidProof and Cyberscope, following stringent KYC checks and smart contract audit, underscores the platform’s transparency and reliability. With its groundbreaking utilities, ETFSwap (ETFS) is expected to emerge as a top investment option, poised to introduce a game-changing ETF in 2025.
Additionally, the development team has launched a beta platform that includes high-reward liquidity pools, real-time ETF tracking, and staking alternatives, helping users make informed decisions.
In its upcoming phase, ETFSwap (ETFS) will roll out AI-powered ETF screeners, using real-time data, predictive modeling, and sentiment analysis, which analysts believe will boost investor confidence and further accelerate the platform’s projected $9,230% growth.
Conclusion
ETFSwap (ETFS) has captured significant market attention with the potential for a staggering $9,230% surge in the next 30 days. Even as the rivalry between Dogecoin price and Shiba Inu price intensifies the market has shown immense excitement since the start of the ETFSwap (ETFS) presale, and that momentum has only grown stronger.
In one month, over 34 million tokens have been sold during the current presale, reflecting strong investor demand that has led to its listing on Coinmarketcap.
Currently, ETFS tokens are available at $0.03846, with a 50% bonus for investors who use the code ETFS50. With the current stage of the presale nearing its end, now is the best opportunity to take advantage of this presale and be part of ETFSwap’s (ETFS) historic surge by $9,230% surge in the next 30 days.
For more information about the ETFS Presale:
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