As a seasoned researcher with a knack for deciphering the intricacies of the crypto world, I find myself continually captivated by the dynamic nature of this digital frontier.
Here are the top three news stories over the past day presented to you by U.Today.
570 million XRP in one hour – What’s happening?
On November 7th, the Whale Alert blockchain monitoring service identified two substantial XRP transactions happening within an hour, moving over half a billion XRP coins collectively. This timing coincided with a significant rise in the XRP price to $0.57825. One transaction involved 100 million XRP worth approximately $53.27 million, while the other transfer moved 470 million XRP valued at around $250.45 million. Ripple, the company behind the transactions, was responsible for the larger transfer, sending the funds to an unidentified blockchain address. However, this address is believed to have ties to Ripple, according to Bithomp. The purpose of this large-scale transfer remains uncertain, but Ripple frequently executes such operations that lead to XRP sales. The revenue generated from these sales is utilized for the company’s operational expenses and legal fees associated with its ongoing dispute with the SEC.
Shytoshi Kusama to Vitalik Buterin: “Wen 10 minute discussion?”
Shytoshi Kusama, head of Shiba Inu, appears keen on growing the Shiba Inu ecosystem and recently reached out to Ethereum co-founder Vitalik Buterin for a quick chat. Yesterday, Kusama commented on Buterin’s recent post discussing future Ethereum technology, subtly reminding him of his earlier request for a 10-minute conversation. “When will we have that 10-minute discussion?” Kusama inquired. It is important to note that Shiba Inu is the largest meme coin on the Ethereum network. After Buterin’s comments about Dogecoin and its potential, Kusama quickly asked for a brief meeting with him, hoping to introduce SHIB to Ethereum co-founder Vitalik Buterin. At present, there has been no response from Buterin.
72% PEPE holders in profit as price clears zero
Recent data provided by IntoTheBlock demonstrates that around 72% of PEPE holders (or 224,330 addresses) are currently “in the money,” having realized profits following a significant price jump. The asset removed one zero from its price, reaching a high of $0.0000104 before stabilizing. At the moment of writing, PEPE is still trading in green, valued at $0.000011, up 8.28% over the past 24 hours, per CoinMarketCap. According to analysts, this surge can be attributed to increased bullish sentiment within the community, alongside an overall positive outlook on the cryptocurrency market. Meanwhile, 20.11% (or 62,700 addresses) of addresses remain “out of money.”
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2024-11-08 18:25