Crypto Whale’s 420 Billion PEPE Purchase Shakes Market
A major crypto whale has purchased 420 billion Pepe (PEPE) tokens in two separate transactions, sparking interest in the meme coin despite its recent price struggles.
A major crypto whale has purchased 420 billion Pepe (PEPE) tokens in two separate transactions, sparking interest in the meme coin despite its recent price struggles.
Bitcoin and the broader cryptocurrency market experienced a significant downturn on Sunday, with BTC dropping below $59,000 and the total crypto market value declining by 3.18%. The dip triggered substantial liquidations in the derivatives market, totaling $132.49 million.
XRP is showing signs of a potential major breakout, fueled by recent legal victories and bullish chart patterns. Investors are cautiously optimistic but aware of market volatility.
Apple’s decision to use Google’s TPUs for AI training instead of Nvidia’s popular chips signals a potential shift in the AI hardware market, raising questions about Nvidia’s future dominance.
Following Brazil’s approval of a Solana ETF, experts suggest similar approval in the US is inevitable but face regulatory hurdles and uncertain timelines.
Ripple has begun testing its new stablecoin, Ripple USD (RLUSD), on the Ethereum mainnet and XRP Ledger, aiming to enter the growing stablecoin market pending regulatory approval.
Tether’s USDT stablecoin has reached a market capitalization of $115 billion, reinforcing its dominance in the stablecoin market and signaling increased adoption in the cryptocurrency ecosystem.
Binance CEO Richard Teng attributes recent cryptocurrency and equity price declines to macroeconomic factors, emphasizing that these drops do not indicate long-term negative trends and highlighting Binance’s strong performance amid market volatility.
XRP’s price jumped 26% following a federal judge’s ruling in the Ripple vs. SEC case, signaling a potential end to the three-year legal battle and boosting market sentiment.
Solana-based meme coin dogwifhat (WIF) experiences a 20% price increase amid Bitcoin’s rebound to $57,000, reflecting broader market recovery and increased trading activity.