First Huge 500,000,000 XRP Transfer in 2025 Occurs, Ripple CEO Says He’s ‘Excited’ for 2025, Shibarium Might Hit First Major Milestone of 2025 in Days: Crypto News Digest by U.Today

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As a seasoned researcher with a keen interest in cryptocurrencies and blockchain technology, I find myself intrigued by the developments of the day. The massive 500 million XRP transfer on the first day of January is a fascinating event that sets the tone for what could be an exciting year ahead. While the source and destination of the transaction remain shrouded in mystery, it’s hard not to speculate about Ripple‘s role given their monthly unlocking of XRP coins.

Brad Garlinghouse’s excitement for 2025 is palpable, and his optimism is well-founded given Ripple’s impressive achievements in 2024. The acquisition of Standard Custody, entry into the stablecoin market, and the resignation of SEC Chair Gary Gensler have all contributed to a positive momentum for the company. With potential spot ETF approvals and a more favorable regulatory landscape on the horizon, I can’t help but feel that XRP is poised for even greater heights in 2025.

Lastly, the resurgence of Shibarium is noteworthy. The rapid growth of daily transactions, blocks produced, and wallet addresses indicate a burgeoning user base. If Shibarium can indeed reach its anticipated milestone of 750 million transactions shortly, it will be an impressive feat for such a young platform. As for the SHIB token, its recent price rise is a testament to the faith investors have in this project.

In a lighter vein, I’d like to add that as the saying goes, “When in doubt, follow the money.” And with half a billion dollars worth of XRP on the move and Shibarium experiencing a surge in activity, it seems that cryptocurrencies continue to be the hottest ticket in town. As for my personal portfolio, well, let’s just say I’ve got my eyes on both XRP and SHIB! After all, who wouldn’t want to ride the crypto rollercoaster?

Here are the top three news stories from the past day presented to you by U.Today.

First huge 500,000,000 XRP transfer in 2025 occurs — What’s happening?

Based on reports from Whale Alert, a well-known blockchain tracker, the first major transfer of XRP in 2025 occurred on January 1st. This transaction involved approximately half a billion XRP coins, valued at over $1 billion, and took place between two unidentified blockchain addresses. According to data from Bithomp, this transaction was initiated by Ripple, the large blockchain company. It is not yet clear if this transfer is connected to Ripple’s regular practice of unlocking a significant amount of XRP at the beginning of each month. Interestingly, Whale Alert only recorded this single massive transaction, unlike the usual two or three transfers of similar size seen in previous months. As of the time of writing, one XRP is being traded for around $2.42, marking a 1.26% increase over the past 24 hours, according to CoinMarketCap.

Ripple CEO says he is “excited” for 2025

On January 2nd, the CEO of Ripple, Brad Garlinghouse, shared his enthusiasm for the coming years on a particular platform, stating “I’m eager for the year to come! The momentum and growing emphasis on practical applications is increasing.” Despite ongoing legal disputes with the SEC, 2024 proved to be a crucial year for Ripple, marked by important achievements such as acquiring Standard Custody and entering the stablecoin market. The company’s success continued when SEC Chair Gary Gensler announced his resignation in November. By December, Ripple unveiled its RLUSD stablecoin, causing XRP’s market capitalization to surpass that of USDT at an impressive $137 billion following a strong rally. As we move forward, analysts predict that XRP could gain from potential spot ETF approvals and a more advantageous regulatory environment.

Shibarium might hit first major milestone of 2025 in days: Details

The popular Shiba Inu blockchain solution, Shibarium, is witnessing a surge in usage once again as daily transactions have climbed back up to approximately 4.78 million. Since its debut 18 months ago, the platform has accomplished notable achievements, such as surpassing 670 million transactions, and it’s projected to reach 750 million shortly. Shibariumscan reports that the network is producing an impressive 8,741,336 blocks, with a goal of surpassing 9 million soon. Furthermore, there are currently over 2,070,381 wallet addresses on the network, suggesting a growing user base. The increased activity on Shibarium has resulted in a 4.31% price increase for the SHIB token, raising its value to $0.00002364.

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2025-01-03 18:50