Altcoin
XRP Whales Shift 153M Coins As SEC Files Appeal In Ripple Lawsuit
XRP whales nabbed significant investor attention on Friday, moving hundreds of millions of coins in light of the latest development in the Ripple vs SEC lawsuit. On-chain data indicated nearly 153 million coins shifted by whales as the U.S. SEC filed for a ‘notice of appeal‘ against Judge Analisa Torres’ final judgment in the Ripple lawsuit. Meanwhile, XRP price took heat, mirroring a negative market sentiment across the broader industry in light of the SEC’s appeal and recent whale activity.
XRP Whales Transfer 153M Coins Sparking Speculations As SEC Files Appeal
According to the blockchain transaction tracker Whale Alert’s data, three XRP whale transactions occurred over the past day, resulting in the shuffling of over 153 million coins. As per the data, two transactions illustrated dumps to crypto exchanges, whereas one showed funds shifted between unknown wallets.
The renowned whale address …Rzn shifted 30.38 million coins, worth $15.99 million, to the crypto exchange Bitso. Simultaneously, the same address shifted 19.22 million XRP, worth $10.12 million, to Bitstamp. Further, it’s worth mentioning that the wallet address r9s…nxL shifted 104.38 million coins, worth $54.66 million, to another new unknown wallet, sparking investor speculations.
Primarily, these transactions have set off waves of discussions among market participants as the U.S. SEC filed a notice of appeal against Judge Torres’ final judgment in the XRP lawsuit. The appeal states that the plaintiff SEC “hereby respectfully appeals to the United States Court of Appeals for the Second Circuit from the final judgment entered by this Court on August 7, 2024.”
Simultaneously, pro-XRP attorney Bill Morgan took to X recently, revealing how the appeal poses a significant setback for the community as it comes just at the brink of a bull run. Morgan claims that the SEC sued the American blockchain payments company “just at the start of the last bull run and now files an Appeal on the anticipated eve of another bull run.”
Ripple’s Coin Takes Heat
At press time, XRP price noted a nearly 1% drop in value, mirroring a bearish sentiment in sync with whale dumps and the SEC’s appeal. The coin currently trades at $0.5267, with its intraday low and high being $0.5101 and $0.5386, respectively. XRP’s trading volume dipped 33% to $1.96 billion over the past day. This slumping movement reflects rising market concerns due to the SEC’s appeal filing and the abovementioned whale dumps.
Coinglass data further hinted at declining investor interest as XRP futures OI slipped 7% to $679.21 million. Further, even the derivatives volume plummeted 42% to $2.53 billion, raising concerns.
Nevertheless, another post by attorney Bill Morgan revealed that the bets of Ripple filing a cross-appeal remain high. It’s also worth mentioning that the SEC has not yet filed Form C with the Second Circuit, which will provide a clear picture of what exactly the regulator is appealing.
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.
Crypto analyst Ali Martinez has made a bold prediction for the Cardano price, stating that it will reach $6 in this market cycle. The analyst went further to provide a timeline for when exactly ADA will reach this target based on historical trends.
When Cardano Price Will Reach $6
In an X post, Ali Martinez stated that the Cardano price will reach $6 by July to September 2025. The analyst made this ADA price prediction based on historical trends.
Martinez’s accompanying chart showed how the ADA price witnessed a rally of over 4,000%, which began in November 2020 and led to the coin reaching its current all-time high (ATH) of $3.10 in September 2021. The analyst believes Cardano can witness a similar run again and rally over 2,200% to reach $6.2.
The chart also showed that the Cardano price rally to this target had begun since the fourth of this month. Indeed, this might be the case as CryptoRank data showed that the crypto is up over 90% since the start of this month. ADA has also increased by over 20% in the last 24 hours.
This bullish outlook for the ADA price follows Cardano’s founder, Charles Hoskinson, confirming that he will serve as a crypto advisor in the Trump administration. Meanwhile, Bitwise recently filed a multi-crypto ETF application, which will include ADA.
A Rally To $1 Might Be Imminent
Crypto analyst Sebastian indicated that the Cardano price could rally to $1 in the short term. In an X post, the analyst highlighted a bullish pennant that had formed on ADA’s daily chart. He added that the breakout target is $1.
Interstingly, Sebastian recently raised the possibility of the Cardano price reaching $20 in this market cycle. The analyst noted that ADA’s market cap would be $700 billion if it reached this price target. The analyst suggested this price target was feasible since the Ethereum price reached a $560 billion market cap last cycle.
According to him, two important factors could send ADA to that price. First, he mentioned that this could happen if Bitcoin holders started investing heavily in the Cardano ecosystem after Cardano became Bitcoin’s layer-1 for smart contracts. The second factor he mentioned is whether Hoskinson will eventually become a crypto advisor in Trump’s administration.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
Solana meme coin Moo Deng (MOODENG) price witnessed a remarkable 20% uptick in value on Friday, sparking market optimism against the backdrop of a major listing for the crypto. Notably, leading Asian crypto exchange OKX announced that it is adding the meme coin to its stockpile of trade offerings, generating investor curiosity globally. Crypto market enthusiasts speculate whether the listing could help the token sustain a rally amid a bullish market, especially within the meme coin sector.
OKX Unveils Listing For Moo Deng Sparking Investor Frenzy
In an official announcement by the Asian crypto exchange on November 15, it was brought to attention that MOODENG/USDT spot trading on the platform is to commence starting at 12:00 PM (UTC) today. The platform’s colossal user base remains poised to indulge in Moo Deng trading, paving the path for further money inflow into the token.
In turn, the crypto currently surfs bullish tides across the market amid a meme coin frenzy. It’s noteworthy that this year’s Q4 sees a remarkably bullish meme coin market, with tokens such as Dogecoin and Shiba Inu witnessing weekly gains worth over 90% and 25%, respectively.
However, MOODENG price rally appears to have stolen the spotlight amid backing from major crypto exchanges despite other tokens mirroring notable gains. CoinGape Media recently reported that Binance launched Moo Deng futures listing with up to 75x leverage, igniting a price surge of 90% in the meme coin. Overall, market watchers continue to gauge the coin’s price movements as OKX’s support could further bolster the price.
MOODENG Price Soars 26%, Will Rally Sustain?
At press time, MOODENG price shot up 26% intraday and is now trading at $0.573. The coin’s 24-hour low and high were $0.3979 and $0.5788, respectively. Concerningly, the token’s trading volume did not surge as the trading on the exchange is to go live later today. Nevertheless, market watchers remain optimistic on future actions amid a bull run already taken by the token.
The Solana meme coin‘s weekly gain totaled 103%, whereas the monthly chart indicated a 538% upsurge. This rising trajectory has underscored the token’s potential to offer investors remarkable gains ahead.
Meanwhile, Coinglass data showed that the coin’s futures OI soared 26% to $293.14 million. Also, the derivatives volume jumped 10% to $2.60 billion. Overall, the current market stats underscore a heightened market interest in the asset, paving a bullish path for future movements.
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.
Dogecoin whales are on a buying spree, despite the DOGE noting a retreat today, sparking speculations in the market. A top crypto market expert highlights that the DOGE whales have accumulated over $55 million of the top meme coins in the last 24 hours, indicating the growing confidence of the investors. Having said that, many in the digital assets space, especially the meme coin sector, anticipate a breakout ahead for the crypto.
Dogecoin Whales Bags Millions Sparking Optimism
The top meme coins have noted a strong rally over the past few days amid a positive sentiment hovering in the broader crypto market. Amid this, Dogecoin whales have accumulated millions of tokens, showcasing their increasing confidence in the market.
According to a recent X post by the prominent crypto market expert, Ali Martinez, the DOGE whales have bagged 140 million coins from yesterday only. The transfers, valued at around $56 million, have sparked discussions in the market over further rally in the meme coin’s price.
Besides, another report from Lookonchain showed that a Dogecoin whale has dumped all his SPX holdings to add DOGE to his holdings this week. According to the report, the whale has dumped 10.6 million SPX for $6.2 million, making a profit of around $920K. Following that, he has spent $6.2 million to buy 13.95 million Dogecoin, valued at around $4.88 million currently.
This massive accumulation has resulted him a loss of around $1.33 million. Despite that, it showcases the growing confidence of the investor towards the meme coin’s future trajectory.
DOGE To Hit $3 Next?
Apart from the Dogecoin whales, it appears many are now shifting their focus toward the digital assets space, especially the meme coins segment. Notably, interest rose after Elon Musk was appointed to the Department Of Government Efficiency (D.O.G.E.) to cut the excess Federal spending.
The short form of the department, resembling the ticker of Dogecoin, has sparked interest among investors. Besides, Musk has actively voiced his support for DOGE previously on the X platform, which has also fueled interest among investors.
However, despite the positive sentiment, the crypto market today retreated with Bitcoin price also witnessing a pullback from its ATH. Besides, several other top altcoins and meme coins have also faced pressure, as witnessed by the recent performances of the coins.
As of writing, DOGE price today was down over 6% and exchanged hands at $0.3726, while its one-day trading volume fell 31% to $14.88. Over the last 24 hours, the leading meme coin has touched a high of $0.4147. Notably, the crypto has touched a weekly gain of 89%, while in the last 30 days, it added about 200%.
However, Dogecoin Futures Open Interest fell more than 3% today, indicating the subsiding risk-bet appetite of the investors. Despite that, a recent Dogecoin price analysis hints at a possible rally for the crypto $3, sparking market interest.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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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