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XRP Whales Transfer 40M Coins Amid End To Ripple Lawsuit

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6 months ago

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XRP Whales have recently made huge transactions following the conclusion of the SEC Ripple lawsuit. This development highlights the growing bullish sentiment in the XRP ecosystem, seeing as the long-running legal battle that hindered the crypto’s growth has ended. Meanwhile, in addition to the lawsuit’s ending, other fundamentals and technical indicators also paint a bullish picture for the coin. 

XRP Whales Move 40 Million Coins 

Onchain analytics platform Whale Alert revealed that XRP Whales recently moved over 40 million coins. One transferred 20,800,000 coins ($12.1 million) to the crypto exchange Bitstamp. While this usually suggests that the whale is looking to sell, it is believed to be related to Bitstamp’s decision to launch a derivatives exchange on the XRP Ledger (XRPL).

Meanwhile. the second XRP Whale transferred 20,000,000 coins ($11.7 million) from Upbit to an anonymous wallet. This is considered bullish as these coins were likely moved to a cold storage, indicating that the Whale intends to hold for the long-term. 

XRP Analaysis And Prediction

Market analysts have been closely monitoring XRP following the conclusion of the Ripple lawsuit. Notably, analyst Dr. Magic recently shared insights on X regarding the XRP market. Magic suggested that the Ripple crypto has been undergoing a re-accumulation phase over the paWhales’. 

He points out that the XRP chart shows an engulfing weekly candle at the lower limit of the Bollinger Bands, signaling a potential regime change. This technical occurrence, combined with the XRP Whales’ movement, suggests a bullish market shift.

More so, the analyst noted the Ripple token was trading at the lowest monthly volatility recorded, stating,

market about to enter the most bullish quarter.

In addition, Analyst BitBoy has highligRipple’s potential for XRP gains and other Ripple’s in the wake of these developments. The positive sentiment is echoed in the recent price actions where XRP has shown resilience.

Upcoming Developments in Ripple’s Ecosystem

The anticipation around Ripple’s ecosystem continues to grow as Bitstamp announces plans to launch a derivatives exchange on the XRP Ledger in the next few months. This move will attract more institutional inveRipple’s the XRP ecosystem. The derivatives exchange will incorporate major financial tools that could leverage XRP for operations. This could further fuel bullish sentiments among investors.

In addition, Ripple’s victory in its lawsuit with the SEC has prompted platforms like Robinhood to relist XRP, enhancing its accessibility amid XRP Whale movements. 

At the time of writing, XRP price stands at $0.5723, marking an 8.01% increase over the past seven days. The cryptocurrency has a market cap of approximately $32.27 billion, ranking it seventh among digital assets.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. His work includes notable contributions to Cryptopolitan and Coingape News Media, where he shares his insights on the latest developments in the cryptocurrency market. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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Is Burger King Teasing Crypto Launch? Decoding Their X Post

Published

16 minutes ago

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March 29, 2025

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Burger King is joining ranks with other leading brands to dabble in digital assets, hinting at a coin launch. According to a post on micro-blogging platform X,  the fast-food chain may be inching toward the launch of Burger Coin.

Burger King Hints At Burger Koin Launch

Global fast-food chain Burger King has hinted at the potential launch of a cryptocurrency, joining the league of brands with native digital assets. The UK arm of the fast-food chain teased Burger Koin in an X post, seeking community opinion for the coin.

“Shall we make a crypto burger coin called Burger Koin?” wrote Burger King on X.

The tweet has triggered widespread reaction across the cryptoverse, fuelling speculation for an imminent launch. Burger King’s tweet comes in the middle of a jarring market correction, with assets shedding their values.

While the tweet did not share further details, pundits are speculating over the direction of Burger Koin. A majority of analysts say Burger King’s crypto will come retrofitted with utility for holders. Burger Koin may be used for governance use cases, allowing holders to vote on new recipes while offering discounts and staking functionalities.

Since the tweet went live, several copycat tokens have garnered steam in the absence of further statements by the fast-food chain

Burger Koin May Operate As A Memecoin

Chances are that Burger King’s Burger Koin may take the form of a memecoin if the fast-food chain proceeds to launch. Pundits say that a memecoin with a streak of utility will be the best option for Burger Coin, given its vibrant community.

The recent declaration by the US SEC that memecoins are not securities may play a role in Burger King’s choice. Back in 2017, the Russian arm of the fast-food chain launched WhooperCoin as a part of a loyalty program for customers.

Burger King is no stranger to digital assets as it partnered with Robinhood to give out Dogecoin (DOGE) via sweepstakes. The fast-food chain has dabbled with NFTs after its brush with memecoins. Despite their soaring popularity Cathie Woods says memecoins will be worthless in the future since they have no intrinsic value.

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Aliyu Pokima

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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Pepe Coin Whale Sells 150 Billion Tokens, Price Fall Ahead?

Published

1 hour ago

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March 29, 2025

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The negative sentiment in the digital currency ecosystem is finally reflected in the Pepe Coin market. According to Lookonchain’s update, one of the memecoin’s whales has initiated a massive selloff. This selloff has further compounded the bearish outlook of the token, further dampening the outlook around the memecoin.

PEPE Whale Selloff, Key Implications

Per the Lookonchain update on X, the PEPE OG sold 150,000,000,000 tokens worth over $1.14 million in early trading. The analytics platform noted that this OG entered the PEPE market earlier. The whale reportedly spent only $2,184 to buy 1.5 trillion PEPE, valued at over $43 million at the peak.

This whale has sold off 1.02 trillion PEPE thus far for $6.66 million. Onchain records show he still has 493 billion PEPE of the original stash. This leftover is worth $3.64 million, representing a total profit of $10.3 million or 4,718x.

Whales selling off an asset is typically not a vote of confidence for the digital currency. This selloff is not uncommon to memecoins, and for PEPE, this may further dampen the negative outlook of the token.

PEPE Coin Price Outlook

Earlier this week, CoinGape reported a 500 billion PEPE accumulation by a whale, a move that many hoped could push the price up. However, the reverse is the case as Pepe Coin price is currently trading for $0.0000073, down 5.57% in past 24 hours.

Despite the broader market downturn, PEPE has come off as one of the biggest losers overall. Per the current setup, the token moved from a 24-hour high of $0.00000787 to its current price. While the token has maintained a marginal growth of 0.54% in the past 7-days, it has registered a 62% drawdown Year-to-Date (YTD).

It remains unknown how the current PEPE Coin outlook will play out. However, a halt in whale selloffs and a shift in the broader memecoin market fundamentals might fuel its recovery.

Crypto Market and Memecoin Rebound

The broader crypto market is down today, facing negative pressures from the economic uncertainty in the broader financial market.

Bitcoin has continued to weigh the altcoins down, explaining the PEPE-correlated selloff. Assets in the memecoin market, like Dogecoin and Shiba Inu, have also been down 5.58% and 3.3% in the past 24 hours.

With the weekend volatility, top assets might see more price drawdowns overall. Analysts are optimistic about BTC’s future recovery, which can have a ripple effect on the broader market.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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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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Expert Predicts Listing Date For WLFI’s USD1 Stablecoin, Here’s When

Published

3 hours ago

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March 29, 2025

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Nearly a week ago, Donald Trump’s World Liberty Financial (WLFI) annnounced the launch of the USD1 stablecoin but the absence of a listing date continues to stump investors. However, an analyst says the stablecoin will make its debut on exchanges as early as April 1, baring any delays to stablecoin regulation in the US.

Expert Says USD1 Stablecoin Will List On April 1

Pseudonymous crypto analyst xHuai.eth took to X to predict a potential listing date for WLFI’s USD1 stablecoin. According to the analyst, the USD1 stablecoin may be available for trading as early as April 1 in line with industry conventions.

The analsyt disclosed that stablecoins are typically listed on exchanges within days of the annnouncement. WLFI announced the launch of the USD1 stablecoin on March 25 issued on Ethereum and Binance Smart Chain.

xHuai.eth disclosed that stablecoin listings on exchanges hinge on the completion of necessary technical steps. From the announcement, tapping Ehtereum, Binance Smart Chain, and Bitgo for custodial service indicates a completion of the technical steps.

Furthermore, xHuai.eth says that WLFI will be pressured to speed up listing processes to compete with USDT and USDC.

“With the announcement on March 25, the timeframe of March 31 to April 5 is reasonable,” said xHuai.eth. “April 1 is the most feasible date if there are no delays.”

Stablecoin Regulations May Affect The Listing Process

According to xHuai.eth’s analysis, incoming stablecoin regulation in the US will play a role in the USD1 stablecoin listing. The WLFI has previously mentioned that the launch on exchanges hinges on “regulatory approval” for stablecoins.

The US is hurtling toward stablecoin regulations with the GENIUS Act and STABLE Act piquing the interest of the White House. With authorities keen on expediting the passage of regulations, xHuai.eth argues the WLFI will move to list the USD1 stablecoin.

However, a delay in the regulatory process could lead to listing in late April, a scenario that xHuai.eth sees as unlikely. Authorities expect stablecoin regulation to go live in the US within two months driven by full support from the executive arm.

Following the release of the full draft of the STABLE Act, Sonic Labs is abandoning plans for an algorithmic stablecoin. Other issuers are positioning themselves to spearhead the government plans to maintain the dollar’s supremacy using stablecoins.

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Aliyu Pokima

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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