Nearly 1 Billion XRP Gulped by Whales As XRP Spot ETF is Set to See The Light of Day
By: zycrypto|2025/05/16 04:45:06
0
Share
As XRP edges closer to the psychological price of $3, whales have been ramping up their positions after purchasing over 880 million XRP valued at $2.14 billion last month. Bullish on-chain metrics might have triggered this decision. For instance, according to CoinGecko data, XRP has increased 17.8% in the past month to hit $2.43 at the time of writing . XRP’s open interest has also scaled heights after hitting $4.74 billion , illustrating heightened market activity and liquidity. Is XRP Eyeing the $3 Price Zone? Having broken past major resistance at $2.26, renowned market analyst Ali Martinez is optimistic that XRP is destined for $2.60 , which will enable the fourth-largest cryptocurrency to hit the $3 price zone. Given that XRP institutional products’ inflows reached $10.5 million in the past week, bulls speculate that this asset’s price might reach $5 this month. Furthermore, there is a high chance that the XRP exchange-traded fund (ETF) will be approved in July this year. Calling out this development, renowned crypto pundit, JackTheRippler, stated, “The Grayscale Digital Large Cap Fund Index ETF, including XRP, is scheduled to launch on July 2nd.” ETFs are game-changers because they enable investors to diversify their portfolios at a cost usually lower than traditional mutual funds. Additionally, ETFs can be traded like regular stocks, giving investors more flexibility. They can be bought or sold throughout the trading day at the prevailing market prices. This explains why ETFs usually attract more institutional interest, which would be a welcome move in the XRP network.
You may also like
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point
Coinbase executives provide an in-depth analysis: Unfazed by short-term market panic, institutions are accelerating their entry, and tokenization along with the "exchange of everything" is about to completely reconstruct the global financial infrastructure.
Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun
Agora strikes: officially applies for a federal trust bank license in the United States, elevating from a stablecoin issuer to "underlying financial infrastructure," targeting the trillion-dollar enterprise payment and B2B settlement market.
Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations
Overview of Important Market Events on May 5th
a16z Crypto: What We See Behind the $2.2 Billion New Fund
After the noise subsides, what remains is often more useful than it appeared at its peak and more enduring than it seemed at its lowest point.
Web3 is dead, Web2+3 should rise
We are not aiming to hold a self-indulgent party for Web3 practitioners, but rather to build a bridge for rational connection between Web2 and Web3.
Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market
In the Latin American remittance market, the real protagonists have never been the young people speculating on cryptocurrencies, but rather the 50-year-old workers who send money to their mothers every month. They don't care about blockchain; they only care about whether the money has arrived.
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
Hong Kong judiciary landmark: The court officially recognizes cryptocurrency as legal property and introduces the "tokenized injunction" to track and freeze involved funds, comprehensively upgrading the protection of digital asset investors.
Track Markets At a Glance: New WEEX Price Widgets for iOS & Android
To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets
The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance
Warning of nearly $1 billion loss in DeFi: Security pain points have shifted from code vulnerabilities to permissions and operations. Introducing TradFi bank-level risk control and AI defenses is the way to balance openness and security.
A Brief Analysis of Stablecoin Licenses and On-Chain Funding
Hong Kong accelerates the layout of digital finance, providing a panoramic analysis of the evolution of three major on-chain financial forms: central bank digital currency, deposit tokens, and stablecoins, along with future opportunities.
BVNK Founder: Three Stages of Stablecoin Development
Once payments become faster, cheaper, and globally interconnected, stablecoins will not just open up a new market, but a new realm with boundaries that are not yet visible today.
The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million
The Trump family has a family skill: to exaggerate and make something sound bigger than it actually is.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.
Polymarket Underlying Algorithm Explained
It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.
What do projects born in the crypto bear market do?
From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.
The toll station at Hormuz and the RMB that cannot be bought
The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
