Altcoin
XRP Whales Move 283M Coins Amid Price Flux, Is A Bull Run Possible?

XRP, a cryptocurrency backed by Ripple Labs, has garnered significant attention among crypto market participants today, May 20, as whales shuffled noteworthy amounts of the crypto to and fro exchanges. The whales’ transaction, emerging amid a highly turbulent price movement witnessed by XRP, has ignited a bustle among crypto market participants who are eyeing the token for potential gains.
Notably, the transactions have added mixed market sentiments to the token’s future price action as they indicate accumulation and a dump in hand. Besides, amid this chronicle, a renowned crypto market analyst anticipated a looming bull run for the Ripple-backed token.
Let’s delve deeper into XRP’s current market trends and statistics.
Whale Transactions Ignite Market Frenzy
According to the on-chain data revealed by Whale Alert, a staggering 283 million XRP was recorded to be shifted via a couple of transactions in the past 24 hours.
Among these transactions, 33 million XRP, worth $16.76 million, was moved to Bitstamp by a renowned XRP whale, …Rzn. Notably, this whale’s XRP dumps to Bitstamp and Bitso have emerged as a recurring phenomenon within the crypto realm following Ripple’s stake acquisition in the mentioned exchange. Further, numerous reports by CoinGape Media have also spotlighted the abovementioned whale’s repeated deposits to Bitstamp for quite some time now.
On the other hand, another unknown address, r99QSej, accumulated a whopping 250 million XRP, worth $129 million, from Coincheck, a Japanese exchange. Collectively, the massive spike in whale activity today, May 20, has birthed additional speculations as parties in the Ripple vs U.S. SEC lawsuit remain poised to file letter briefs in opposition to omnibus-letter motions today.
Meanwhile, XRP traded in the red, adding to the enigma over its price movements ahead.
Also Read: Crypto Prices Today May 20: Bitcoin & Ethereum Remain Steady, Pendle Soars
XRP Price Slips, What’s Next?
As of writing, XRP’s price trajectory illustrated a dip of 1.77% in the past 24 hours and is currently trading at $0.5122. The token’s 24-hour lows and highs are $0.5075 and $0.5227, respectively.
Intriguingly, a renowned crypto market analyst, Dark Defender, posted on X, spotlighting a bullish trend for XRP in the pipeline. The analyst proclaimed that the XRP/BTC pair rested at a support level yesterday, suggesting a potential reversal in price direction. Moreover, looking at the Bitcoin dominance chart in a 3-month time frame per candle, it can be seen that BTC has rejected the ultimate resistance line since 2016. “We expect a reversal from the current level of 56% to 44% by the end of the year,” the analyst added. Concerning this, the drop in dominance is viewed as an interpretation of the XRP bull run by the analyst, attributed to investors potentially diversifying portfolios away from BTC.
Also Read: Bitcoin Is Providing the Final Bargain Opportunity Before Post-Halving Rally
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.
Altcoin
Lorenzo Protocol (BANK) Price Rallies 150% After This Binance Announcement

Lorenzo Protocol (BANK) price has defied the broader market’s recent uncertain trend by rallying 150% this Saturday. The institutional-grade asset management platform has stolen the spotlight primarily as a top CEX, Binance, unveiled a new listing for its native token. As a result, traders and investors are extensively eyeing this crypto, speculating whether the pump could sustain amid enhanced market exposure.
Lorenzo Protocol Price Bullish As Binance Futures Adds BANKUSDT Contract
At the time of reporting, BANK price traded at $0.05237, up by a staggering 150% in just a day. The cryptocurrency’s price surged from a bottom of $0.01839 intraday, in sync with Binance’s announcement.
According to an official press release by the crypto exchange on April 18, the platform’s futures trading division is adding the BANK USD-Margined perpetual contract to its stockpile of offerings. The platform’s colossal user base remains poised to enjoy up to 50x leverage while trading the asset. The timeline for this launch was set at 18:30 UTC, the same day.
Further, the top crypto exchange set the capped funding rate at +2.00%/-2.00%. Also, the same perpetual contract will be available for ‘Futures Copy’ trading, offering users enhanced opportunities to make returns.
For context, usual market sentiments about the coin’s future price action have turned highly bullish with the new offering. Traders and investors are expecting a substantial influx of funds into the token as the new listing paves the way for more investor interaction with the asset.
Now, crypto market watchers are thoroughly monitoring the token for further gains, highly optimistic amid an ongoing rally of 150% following the listing announcement. Lorenzo Protocol is an institutional-grade asset management platform that issues yield-bearing tokens backed by diverse underlying strategies.
Besides, it’s worth mentioning that Binance revealed another crypto listing this week, CoinGape reported. The CEX has revealed plans to open trading for Balance (EPT) shortly, garnering further attention among traders and investors.
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.
Altcoin
Is Solana Forming a Death Cross Against Bitcoin?

Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price.
This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the altcoin can recover or continue to underperform.
Will Solana Form a Death Cross Against Bitcoin?
Over the past few months, Solana price has experienced a sharp decline when compared to Bitcoin. As of mid-April 2025, Solana is priced at 0.00158 BTC, down by 23% from earlier in the month. This comes after a significant 54% drop since January, showing a steady loss in value relative to Bitcoin.
The recent drop in Solana’s price has raised concerns among traders and analysts. Moving averages, which track price trends over time, have been narrowing, which is often a precursor to a potential death cross formation.


Specifically, the 23-day moving average is approaching the 200-day moving average in the weekly chart, a key level for technical analysts. If it crosses below the 200-day average, it would officially signal a death cross. This could indicate a further decline in Solana’s price against Bitcoin.
Solana’s Recent Performance and Market Trend
Nonetheless, Solana has had some strength, which can be attributed to the recent launch of Solana ETFs in Canada.
At the same time, institutional investors’ attention contributed to the altcoin’s success in surpassing the performance of numerous other cryptocurrencies, including Bitcoin. Solana delivered a 10.5% return within a week, while Bitcoin delivered a 1.8% return in the same time frame.
Nonetheless, the recent excitement about Solana appears to have subsided with the lessened market movements. Analysts like Ali Charts are now analysing whether the recent strength was just a blip in the charts or the first sign of an actual trend reversal to $65.
SOL/BTC Technical Patterns and Support Levels
Based on the current technical perspective, Solana’s price trend against Bitcoin has established the “Falling wedge” chart. This pattern is normally noticed during the consolidation phase, and the break above the upper trend line is usually interpreted as a signal for a bullish move.
The declining moving averages indicate that Solana may continue to decline against Bitcoin and possibly test lower supports despite the SOL/ETH ratio recording its highest weekly close
At present, the price is almost at the apex of the wedge pattern, meaning that it can break soon. If the price surmounts the resistance level at around 0.0018BTC, it will possibly lead to a bullish run and might even regain the value of 0.001895BTC for Sol. However, if the price cannot hold its support at 0.0014 BTC, then it may decrease even lower.


Solana’s performance against Bitcoin will be very significant over the next few weeks. The potential death cross and the support and resistance levels on the chart pinpoint that Solana might experience a difficult time moving forward. If the trend persists, the altcoin could potentially drop as low as 0.001 BTC—a price point that, when measured in dollar terms, is below $100.
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.
Altcoin
Canary Capital Files For Staked Tron ETF

American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.
The Canary Capital Staked Tron ETF
According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.
Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).
This is a breaking news, please check back for updates!!!
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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