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Shiba Inu Lead Reacts to Elon Musk Tweet, Sparking Surge to 9-Month High

Abdulkarim Abdulwahab
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Shiba Inu Lead Reacts to Elon Musk Tweet, Sparking Surge to 9-Month High

Shytoshi Kusama, the lead developer of Shiba Inu, has reacted to a recent tweet from Elon Musk that subtly references SHIB, contributing to the token’s rise to a nine-month high.

This weekend, billionaire Elon Musk sparked new optimism in the meme coin market by making several references to meme-inspired tokens such as Shiba Inu, Dogecoin, and BABYDOGE.

It all started with a post in which Musk shared an image of him carrying a boy on his shoulder, captioning it “DOGE” and “DOGE Junior.” In a follow-up post, Musk shared the image again, this time labeling himself as the “Dogefather” and the boy as “Dogeson.”

Crypto market participants quickly took note of Musk’s mentions. Dogecoin, Musk’s favorite meme coin, saw a 10% gain shortly after, reaching a price of $0.46.

Meanwhile, the meme coin BABYDOGE experienced an even more pronounced effect from Musk’s subtle endorsement. The token surged by 195% and has continued to hold those gains despite the broader pullback.

Elon Musk Posts a Shiba Inu, Lead Developer Reacts

Shiba Inu also benefited from Elon Musk’s influence. Specifically, Musk also shared an image of a giant Shiba Inu dog depicted as a dust storm overtaking a city. The image is widely interpreted as a reference to the Shiba Inu cryptocurrency, given the iconic mascot.

Musk’s post has reignited interest and enthusiasm within the Shiba Inu community, with the lead developer of the ecosystem acknowledging the tweet.

Furthermore, Shiba Inu community members flooded Musk’s post with the community’s signature “Woof” in excitement. Key community figures, such as administrator RagnarShib, remarked, “Shiba Inu is unstoppable.”

Shiba Inu Price Reacts

The price of Shiba Inu also reflected this renewed enthusiasm. Specifically, SHIB saw its value rise from $0.00003037 to $0.00003329 over the weekend, reaching a new nine-month high following Musk’s post.

However, Shiba Inu has since lost most of these gains and is currently trading at $0.00003079 at press time.

Elon Musk and Shiba Inu

While Dogecoin remains Elon Musk’s favorite, Shiba Inu periodically benefits from the tech billionaire’s continuous subtle references.

For example, during the announcement of Tesla’s latest driverless Cybertruck in October, a Shiba Inu was spotted taking a ride in it, as reported by The Crypto Basic.

Meanwhile, last month, Shiba Inu’s lead developer, Shytoshi Kusama, pitched the adoption of S.H.I.B. to Elon Musk for the upcoming Donald Trump administration.

PEPE Market Cap Crosses $10B: Flag Breakout Targets $0.00003

Albert Brown
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PEPE Market Cap Crosses $10B: Flag Breakout Targets $0.00003

With a flag breakout, will the PEPE price rally push beyond $0.000030 to reach a new all-time high?

Despite the supply pressure facing top meme coins as Bitcoin struggles below $100k, PEPE is swimming against the tide. With a 3.73% surge in the past 24 hours, PEPE has crossed a market cap of $10 billion.

PEPE is trading at $0.0000254, showing a nearly 27% increase over the past week. Will this bullish trend for the frog-themed meme coin continue into this week? Let’s find out.

PEPE Price Analysis

With a channel breakout in the 4-hour chart, PEPE has registered a new all-time high at $0.000027525. However, the increased supply at the uncharted levels has resulted in a pullback. 

CRYPTO:PEPEUSD Chart Image by Trojan69420

At present, PEPE has posted its fourth consecutive red candle on the 4-hour chart, with a nearly 8% pullback from its all-time high. Nonetheless, the channel breakout completes the bullish flag pattern and signals the breakout of an inverted head-and-shoulders pattern.

Hence, the ongoing consolidation and a potential pullback to the broken resistance trendline could provide the post-retest bounce reversal chances. Using the trend-based Fibonacci levels, the higher price rejection comes from the 38.20% level at $0.000026071. 

As the pullback intensifies, the immediate support stands at the 23.60% Fibonacci level at $0.00002298. This crucial support aligns with the broken trend line of the bullish flag. 

Hence, a potential dip will likely trigger a buy-the-dip scenario in the PEPE coin.

Trader Books $3.22M Profit in PEPE

Amid the new all-time high creation and the market cap crossing the $10 billion mark, a smart trader cashed out on PEPE. After a deposit of 121.75 billion PEPE tokens on Binance, the trader is believed to have secured a profit of $2.13 million. This marks a massive 197% return in just 2.5 months.

This profit represents the trader’s second win in PEPE, following an earlier trade in May, where they made a profit of $1.23 million, a 75.5% return.

Will PEPE Surpass $0.000030?

Due to the pullback, the 4-hour RSI line has dropped from the overbought territory and is now approaching the halfway line. Moreover, the MACD and signal lines have closed their bullish gap, showing signs of a bearish crossover. As a result, momentum indicators suggest bullish exhaustion, which could lead to a significant pullback.

However, with the broader market recovery, PEPE could bounce back and present a post-retest reversal, potentially pushing to a new all-time high. Using Fibonacci levels, upside price targets are at the 50% and 61.80% Fibonacci levels, which are priced at $0.000030 and $0.00003492, respectively.

If the price closes below the 23.60% Fibonacci level, PEPE’s price could potentially test $0.000017755. As a result, the downside risk for the meme coin is roughly 30%.

Chainlink Eyes $30 as Bulls Defend Key Levels Amid Rising Adoption

Albert Brown
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Chainlink Eyes $30 as Bulls Defend Key Levels Amid Rising Adoption

Will the price of Chainlink (LINK) reach the $30 milestone as the blockchain sees an increase in adoption?

Despite Bitcoin’s price falling below the $100,000 mark, bullish sentiment around Chainlink has kept its price above the $25 psychological level. With a 3.17% surge over the past 24 hours, the LINK price trend has formed a bullish pattern on the 4-hour chart.

Will this pattern lead to a breakout rally this week as Chainlink adoption grows with seven new integrations?

Chainlink Price Analysis

On the 4-hour chart, Chainlink’s price action shows consolidation between two crucial resistance levels. The key support remains in a demand zone, extending from $22.54 to $22.86.

A local resistance trendline is currently limiting bullish growth. Combined with the prevailing uptrend, this consolidation range forms a bullish pattern.

Chainlink Price Chart
Chainlink Price Chart

Based on the trend-based Fibonacci levels, the crucial zones align with the 23.60% Fibonacci level at $26.32 and the base level at $22.48. The overhead trendline indicates potential resistance at these levels.

The 4-hour RSI line is slightly below the overbought boundary as LINK faces overhead resistance. Meanwhile, the MACD indicator shows converging average lines, signaling a neutral short-term price trend.

Update on Chainlink’s Rising Adoption 

In a recent tweet, Chainlink shared its weekly adoption update. Over the past week, the network added seven new integrations of the Chainlink standard across four services and seven different blockchains, including Avalanche, Base, Ethereum, Mantle, Polygon, Sonic Labs, and SXT.

Amid the broader market recovery, these growing integrations and increased global adoption are likely to drive Chainlink’s price higher.

On-chain Data Targets $30

Based on the in-and-out-of-the-money price indicator from IntoTheBlock, LINK’s price action has the potential to reach the $30 mark. In the short term, significant resistance remains between $26.46 and $27.25.

Beyond this, the lack of overhead supply could propel LINK’s price toward the $30 target.

Intotheblock
Intotheblock

Will Bulls Break the Flag Pattern?

Despite short-term pressure, the prevailing rally and the flag pattern keep the price action bullish. A breakout could challenge the 50% Fibonacci level at $31.41, should the broader market recover. This increases the likelihood of Chainlink surpassing the $30 psychological level.

Conversely, the $22.48 support zone will likely absorb selling pressure amid broader market volatility.

Amazon to Consider Acquiring Bitcoin as Strategic Treasury Reserve Asset

Albert Brown
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Amazon to Consider Acquiring Bitcoin as Strategic Treasury Reserve Asset

E-commerce giant Amazon will look into adopting Bitcoin as a strategic treasury reserve asset next year after receiving a proposal for the course.

The adoption of Bitcoin among corporate entities has continued its uptrend, with e-commerce firm Amazon Corp. the latest to receive a proposal for this. According to a Dec. 8 report, Amazon has received a shareholder proposal to adopt Bitcoin as a treasury reserve asset.

The National Council for Public Policy Research has written to Amazon, proposing it store its reserve assets in Bitcoin. Notably, the Washington, DC-based think tank requests that Amazon consider the asset in its April 2025 shareholders meeting.

Think Tank Brands Bitcoin a Hedge Against Inflation

The authors cited several reasons Amazon should incorporate Bitcoin as a store of its reserve value, including growing inflation. The think tank argued that the Consumer Price Index’s (CPI) inflation evaluation is inaccurate as the economic menace is higher than portrayed.

As a result, Amazon should consider Bitcoin, an investment vehicle that has historically proven to be a hedge against inflation. The authors cited Bitcoin’s yearly and five-year performance as proof that the premier asset has hedged against reserve devaluation.

Per the report, Bitcoin has appreciated 131% in the past year, outperforming corporate bonds by 126%. The flagship crypto asset is also up 1,246% in the past five years, with bonds managing a mere 4% uptick in the same timeframe.

Amazon Bitcoin Pitch

Amazon to Invest in Bitcoin?

The public researchers also referenced the performances of institutions holding Bitcoin as a strategic reserve asset. The authors pointed to MicroStrategy, which has outperformed Amazon because it adopted the pioneering crypto asset.

They pointed out that MicroStrategy’s stock (MSTR) has outperformed Amazon’s by 537% year-to-year. Notably, MSTR has surged massively following Bitcoin’s bullish outburst, reaching a new all-time high of $543 in November.

Meanwhile, the authors also mentioned that Bitcoin adoption is becoming a norm, and Amazon should not miss out on technological innovation. They noted that Tesla, Block, Fidelity, and BlackRock are heavily doped on the asset, enhancing its credibility.

Furthermore, the think tank suggested that Amazon invest at least 5% of its $88 billion in cash and cash-equivalent assets in Bitcoin. While recognizing Bitcoin’s short-term volatility, the writers lauded the asset for outperforming traditional investment tools in the long term.

Notably, Amazon has become the latest company to receive a Bitcoin adoption pitch. MicroStrategy’s Michael Saylor recently presented a 3-minute video to the Microsoft Board recommending the asset to the software firm.

Hoskinson Shares New Insight About Cardano Potential Collaboration with XRP

Lele Jima
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Hoskinson Shares New Insight About Cardano Potential Collaboration with XRP

Cardano founder Charles Hoskinson provides more insight into his discussions with Ripple execs Brad Garlinghouse and David Schwartz, hinting at potential collaboration with the XRP ecosystem. 

During a recent interview on the Cardano-focused YouTube channel Big Pey, Hoskinson revealed that he had a productive conversation with Garlinghouse and Schwartz. 

He suggested that the engagement marked a positive shift from their previously strained relationship as both parties have since moved past these issues.  

Potential Partnership Between XRP and Cardano Ecosystems 

According to Hoskinson, the discussion focused on the respective roles of Cardano and XRP within the crypto ecosystem. 

He also revealed that they explored ways the Cardano and XRP ecosystems could collaborate to foster adoption and innovation. The collaboration revolves around Cardano’s Midnight and Marlowe. 

For context, while Midnight is a privacy-focused sidechain on Cardano, Marlowe offers a set of open-source tools for creating smart contracts on Cardano. 

XRP Integration with Midnight and Marlowe  

Commenting on the potential collaboration, Hoskinson suggested that XRP could be integrated into the Midnight story, thus enhancing its utility. Notably, Midnight utilizes a dual-token model featuring two primary tokens, NIGHT and DUST. 

While NIGHT will function as Midnight’s primary transaction token, DUST will be the native token for governance and staking on the sidechain. 

With Hoskinson planning to ‘include XRP into the Midnight story,’ XRP could become the third token on the Cardano sidechain. It would have designated functions, including its use as an alternative transaction currency on Midnight. However, this has not been confirmed at press time.

Furthermore, Hoskinson also revealed plans to integrate XRP into other Cardano-related technologies like Marlowe. He suggested that Marlowe might be a better fit for XRP than it has been for Cardano’s native token ADA. 

“[…] it makes a lot of sense to pursue something like that,” Hoskinson asserted. 

Hoskinson Wants Cardano to Participate in Ripple Stablecoin 

Speculations around Cardano’s potential collaboration with the XRP ecosystem have made the rounds on X over the past few weeks. Hoskinson first issued an apology to XRP enthusiasts on November 10, ending his multi-year hostility with the community. 

Afterward, he met with Garlinghouse and Schwartz to discuss potential partnerships around Midnight and Ripple’s upcoming stablecoin RLUSD. Specifically, Hoskinson noted that Cardano would like to participate in RLUSD. This could see Ripple deploy the stablecoin on Cardano in the future, after its initial deployment on XRP Ledger (XRPL) and Ethereum. 

Notably, RLUSD will launch on XRPL and Ethereum after New York Department of Financial Services’ (NYDFS) approval. 

Michael Saylor Insists Bitcoin Will Reach $13M Per Coin

Albert Brown
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Michael Saylor Insists Bitcoin Will Reach $13M Per Coin

Michael Saylor, the executive chairman of MicroStrategy, has reiterated his ambitious vision for Bitcoin, projecting its value could reach $13 million per coin by 2045. 

During a recent appearance on Charles Payne’s Making Money, Saylor outlined MicroStrategy’s investment approach, describing Bitcoin as a transformative digital asset. Saylor elaborated on MicroStrategy’s strategy to acquire Bitcoin by leveraging financial tools such as convertible bonds, which target two distinct investor profiles.

Low-risk investors are drawn to the bonds’ limited downside exposure, while high-risk investors favor the potential for outsized equity performance tied to Bitcoin’s growth. He emphasized that volatility, often seen as a drawback, serves as a key operational driver for MicroStrategy. According to Saylor, this approach bridges traditional financial markets with the rapidly evolving crypto economy.

Saylor addressed criticism that labels the strategy speculative and unsustainable. He countered that issuing securities to meet diverse investor needs aligns with public companies’ core purposes. Additionally, he likened Bitcoin’s adoption curve to historical, technological breakthroughs like electricity and automobiles, asserting that initial skepticism is a natural response.

Bitcoin as Digital Capital & Price Target

Central to Saylor’s argument is the notion of Bitcoin as a revolutionary form of “digital capital.” He identified its unique attributes, such as portability, programmability, and resistance to centralized financial risks.

Saylor highlighted its potential for wealth storage at unprecedented speeds, making it particularly valuable for economically unstable regions. He positioned Bitcoin as a viable alternative to traditional assets like real estate or fiat currencies, which are vulnerable to inflation and centralized manipulation.

Saylor further projected Bitcoin’s exponential growth, estimating that the asset class could expand from its current $2 trillion valuation to $280 trillion by 2045. Saylor also outlined a bold forecast for Bitcoin’s price, envisioning its price climbing to $13 million per coin by 2045.

Notably, Saylor is not making this bold $13 million price forecast for Bitcoin for the first time. In September, during his appearance on CNBC Squawk Box, he declared this target and has continued to maintain his position on the outlook.

Bitcoin would need to increase by approximately 13,021% to reach $13 million from its current price of $99,072.

Pitching Bitcoin to Microsoft

In related efforts, Saylor presented Bitcoin’s benefits to Microsoft’s board of directors, urging the tech giant to consider adopting the cryptocurrency. He characterized Bitcoin as the next wave in digital transformation and suggested its integration could enhance Microsoft’s financial strategy.

Saylor argued that by leveraging Bitcoin, the company could mitigate risks linked to traditional capital management and boost shareholder confidence.

The presentation also highlighted Bitcoin’s potential to outperform conventional financial instruments, such as stock buybacks and bonds, offering Microsoft a chance to position itself at the forefront of a digital capital revolution.

IOHK Deliveres on Every Promise Made: Cardano Founder Reacts to Comment

Elendu Benedict
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IOHK Deliveres on Every Promise Made: Cardano Founder Reacts to Comment

Cardano founder Charles Hoskinson has reacted to a comment highlighting IOHK’s commitment to fulfilling all promises to the Cardano ecosystem.

On Monday, the founder dropped another classic video response to a post from Taptool, an analytical tool based on Cardano.

Notably, the wallet tracking platform claimed on December 8 that Input Output Hong Kong (IOHK), the software firm behind the Cardano network, is an overachiever. Per the X post, Taptool argued that IOHK has delivered on all its promises to the Cardano ecosystem.

Cardano Founder Reacts

In response to the tweet, Hoskinson attached a 41-minute clip from the video game StarCraft II: Heart of the Swarm in which Sarah Kerrigan appreciated Jim Raynor. The founder seemingly thanked Taptool for the kind comments, implying that IOHK is always pleased to serve the Cardano community.

Notably, IOHK and Hoskinson have implemented several innovations to the Cardano ecosystem in an attempt to deliver their promises of decentralization, scalability, and security. One notable delivery is its switch to a decentralized governance system following the Chang upgrade.

On September 1, the Voltaire era went live on Cardano, revolutionizing the governance system in the blockchain. The network has advanced in setting up the leadership framework of the new government, with a recent Cardano constitutional convention held in Argentina.

Meanwhile, innovations like the Doom on Hydra, Midnight, and the recent partnership with BitcoinOS further reinstate IOHK’s drive to improve the Cardano ecosystem. Notably, these adoptions have impacted Cardano’s price, spurring a surge to month-year highs.

Cardano Founder Teases More Innovations

Hoskinson has been vocal about a possible partnership with the XRP and Stellar ecosystem. On Sunday, the Cardano founder also mentioned having “some technical discussions” and “some business discussions” with the Ripple hierarchy.

In the interview, Hoskinson teased the idea of bringing the imminent Ripple USD (RLUSD) stablecoin to the Cardano network. The founder stated that the RLUSD is a major breakthrough for the XRP ecosystem and is open to making the stablecoin a “multi-chain asset.”

Meanwhile, speculation of a likely collaboration between the two giants has recently gained momentum. The Crypto Basic earlier reported that Hoskinson and Ripple CTO David Schwartz hinted at an upcoming partnership between Cardano and Ripple.

Top Analyst Says XRP Conservative Target Is $8.4, Optimistic Target Is $48, Considers XRP Currently Undervalued

Abdulkarim Abdulwahab
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0
Top Analyst Says XRP Conservative Target Is $8.4, Optimistic Target Is $48, Considers XRP Currently Undervalued

Analyst Ali Martinez has issued a massively bullish forecast for XRP, having found significant reasons to believe XRP remains undervalued at its current price.

Martinez, a prominent market watcher who rarely comments on XRP price action, shared his newfound optimism about XRP in a Sunday analysis on X. He pointed out the growing skepticism about XRP’s uptrend, which has already lasted for about five weeks.

XRP Undervalued Can Still Pump by 1,840%

Specifically, Martinez mentioned that some analysts consider XRP overbought, having surged by 485% from $0.49 to $2.87 within the last five weeks. However, in his view, XRP remains largely undervalued. His perspective is influenced by XRP’s recent breakthrough of a seven-year downtrend that had kept its price low since 2018.

With XRP breaking out of this pattern, Martinez issued bold price targets for the asset conservatively and optimistically.

Image
XRP chart by Ali Martinez

For his conservative projection, he expects XRP to hit $8.40. Notably, XRP is currently trading at $2.48, meaning it would require an additional 240% growth to reach this level.

Other analysts have echoed the sentiment that $8 is attainable for XRP, especially considering its 5x surge in 30 days. However, some argue that $8 is too conservative for XRP.

Meanwhile, Martinez has a much bolder outlook. In the most optimistic scenario, he believes XRP could reach a price of $48.12. This projection suggests massive 1,840% gains for XRP from its current position.

XRP Market Position at $48

Notably, a $48 price for XRP would elevate its market cap to $2.75 trillion, which exceeds the current valuation of Bitcoin. 

Considering the gap between Bitcoin and XRP, this implies that Bitcoin could have a market cap of around $4.6 trillion in this scenario, corresponding to a BTC price of above $230K—a level many consider realistic for this cycle for the premier asset.

Critics Disagree with XRP $48 Outlook

However, there is major skepticism among critics in the crypto community regarding XRP attaining a $2.75 trillion market cap or reaching a price of $48 in this cycle. Even pro-XRP analysts have voiced these concerns.

For instance, commenting on Martinez’s post, analyst JayDee noted that while he is massively bullish on XRP, he does not see the lofty $48 target being reached this cycle, pointing out that the likelihood is low. 

Others have dismissed it as both comical and delusional, suggesting a maximum peak of $10 for XRP.

Nonetheless, some community members remain ambitious, calling for even higher XRP prices. At the same time, other commentators caution that such optimism could lead to regrets, as it may result in holding bags for several more years before another bull run for XRP emerges.

Bitcoin Makes History With First Daily Close Above $100K

Albert Brown
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Bitcoin Makes History With First Daily Close Above $100K

Bitcoin’s historic run is showing no signs of slowing. On Sunday, Bitcoin recorded its first daily close above the highly-watched $100,000 price level.

The feat, which comes four days after the asset first clinched the historic price milestone, could have several positive implications.

For one, it suggests that there may be significant strength in its recent momentum. At the same time, it increases the probability of the asset finding near support, offering further price stability. On a psychological level, the daily close also provides more confidence to bulls.

 

Bitcoin’s most recent price feat comes as several analysts have argued that the industry’s firstborn still has more upside potential in 2024.

Specifically, analysts like Standard Chartered Global Head of Digital Asset Research Geoff Kendrick have tipped Bitcoin to trade as high as $125,000 in 2024 and surge to as much as $200,000 by the end of 2025.

These bullish views come as several macroeconomic and political factors appear to be lining up nicely for crypto. 

Several countries, including the U.S., are now easing rapid rate hikes embarked on in the past two years to curtail the inflationary fallout that followed the increased money printing during COVID. The move promises to offer investors easier access to capital for all types of investments, including crypto.

At the same time, Donald Trump’s recent election promises to be a boon for the industry like nothing before. On the campaign trail, the president-elect spent significant time courting the sector and pledged to ensure Bitcoin and crypto innovation thrived in the U.S. 

Weeks after the election, Trump appears to be following through on his promises with multiple pro-crypto nominees to key positions in government, including the top post in the SEC, an agency that many have long perceived as the industry’s greatest foe.

With the U.S. looking set to embrace the crypto industry, several other nations are taking note and pushing pro-crypto policies. The latest in this trend is Iran. According to a recent report, the country’s Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has revealed the Middle Eastern nation’s plan to support the industry’s growth.

However, it remains to be seen how far Bitcoin can go with all these tailwinds. In the meantime, the asset now appears to be retesting the $100,000 price level, trading around the $99,500 price point.

Long-Term XRP Critic Says XRP Now Has Most Powerful Chart in All of Crypto

Sam Wisdom Raphael
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Long-Term XRP Critic Says XRP Now Has Most Powerful Chart in All of Crypto

Market veteran and long-term XRP critic Peter Brandt has admitted that the XRP weekly chart is currently the “most powerful” chart in all of crypto.

Brandt’s recent commentary comes on the back of the impressive resilience XRP has demonstrated over the past week amid market uncertainty. Notably, after recapturing the $2 mark last week, XRP has maintained a position above this level despite occasional pullbacks.

Interestingly, Brandt, known for his skepticism toward XRP, has recently changed his stance. After XRP conquered the $1 level last month, the market veteran confirmed that it is in a bullish setup. He projected that if XRP breaches $1.96, it could witness an explosive run.

Now, with XRP above the $1.96 level, Brandt recently shared a 1-week XRP market cap chart to express his bullish outlook. He described the XRP chart as the “most powerful” chart in all of crypto.

XRP Chart Shows Promise

Data from the chart shows a previous breakout for XRP, signaling the end of an extensive consolidation phase. For years, the price remained within a symmetrical triangle, with gradually narrowing highs and lows. 

The formation of the triangle typically suggests that a major move is imminent, and XRP has confirmed this with its recent run. Notably, the breakout occurred as XRP surged past $1, a major resistance level, before reclaiming the $2 mark on Dec. 1. 

This is the first time in seven years that XRP has achieved this milestone. The breakout occurred alongside a sharp increase in trading volume, confirming that the uptrend is a healthy one. Also, the ADX shows strengthening trend momentum at 27.26. 

Meanwhile, the XRP market cap has surpassed the 8-week moving average. For context, the MA currently stands at $67 billion in market cap, with recent valuation levels for XRP soaring beyond $146 billion.

Following this breakout from the multi-year consolidation pattern, the next targets could lie at previous all-time highs and beyond. If momentum continues, XRP may aim for the $3.50 range, with the potential to target $5 as a long-term target, translating to a $285 billion market cap.

XRP Whale Accumulation Trend

In response to Brandt’s disclosure, Ali Martinez, another prominent analyst, stressed that whales are aware of the bullish structure. He highlighted whale activity during XRP’s price fluctuations. 

According to Martinez, large holders accumulated over 120 million XRP tokens, valued at $288 million, during a recent pullback. 

In addition, trader Mark Wolfson discussed XRP’s potential use case in global finance. Wolfson noted that XRP could serve as a cost-effective alternative for governments and institutions compared to traditional systems like SWIFT.

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