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Bitcoin Remains Firm After Recording $1.29B Single Dark Pool Sale on BlackRock’s IBIT

Sam Wisdom Raphael
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Bitcoin Remains Firm After Recording $1.29B Single Dark Pool Sale on BlackRock’s IBIT

A major institutional investor recently carried out a $1.289 billion sale involving shares of BlackRock’s Bitcoin ETF, IBIT, but the market handled the trade with little disruption.

Alex Thorn, Head of Firmwide Research at Galaxy Research, first brought attention to the transaction, which analysts confirm represents one of the largest IBIT trades in history.

Key Points

  • A single institution sold 29.21 million IBIT shares worth roughly $1.289 billion on May 26.
  • The off-exchange trade used a Rule 611 exemption through the FINRA/NASDAQ TRF Carteret facility.
  • IBIT fell to $42.92 and closed the day down 1.47% after the massive block transaction.
  • Eric Balchunas said the market absorbed the $1.3 billion IBIT trade with little disruption.
  • Bitcoin dropped from $77,875 toward $75,600 before stabilizing above the $75,000 level.
  • U.S. spot Bitcoin ETFs recorded $333.7 million in net outflows, with IBIT leading at $192.4 million.

Huge Institutional Sale Hits BlackRock’s Bitcoin ETF

The chart shared by Thorn confirms that a single institutional entity sold 29.21 million IBIT shares at 10:30 AM on May 26, 2026. 

Each share sold for $43.16, putting the total value of the trade at about $1.289 billion. The transaction happened off-exchange through the FINRA/NASDAQ TRF Carteret facility rather than through the public market.

Bitcoin ETF IBIT Trade Alex Thorn
Bitcoin ETF IBIT Trade | Alex Thorn

The trade also carried a Rule 611 exemption, which allowed it to bypass normal best-execution price requirements. This gave the parties involved more flexibility to complete such a large transaction outside the regular order book.

IBIT Drops Slightly as Market Absorbs the Trade

Despite the size of the transaction, IBIT only saw moderate weakness afterward. Specifically, the ETF dropped to $42.92 at the time of the snapshot. At that point, the fund traded below its three major moving averages and showed a 1-day decline of 1.47%.

The trade also caused a sharp jump in volume. Market watchers believe a large institution, possibly a hedge fund, asset manager, or ETF arbitrage desk, carried out the sale. 

The move likely involved an institution quickly reducing, hedging, or exiting a major Bitcoin ETF position through a negotiated deal. However, the identity of the parties involved remains unknown at press time.

The transaction also overshadowed every other trade recorded that day. The next-largest trade involved only about 1.3 million shares, showing just how large the IBIT block was. For context, dark pools often help institutions and large investors move huge positions without heavily affecting the public order book, which helps reduce slippage.

Analysts Say the Market’s Stability Matters Most

The trade triggered reactions from well-known ETF analysts and crypto market commentators. Bloomberg ETF analyst Eric Balchunas highlighted that IBIT’s price stayed relatively stable despite the huge sale, showing that the market absorbed the trade without major problems.

Meanwhile, crypto analyst Scott Melker (the Wolf of All Streets) said the most important part of the story was how well the market handled the sell-off. He revealed that IBIT still showed around $122 million in redemptions that day, which suggests another buyer absorbed most of the selling pressure.

Responding to Melker, Tom Dunleavy said Bitcoin now trades more like a macro asset than a smaller speculative market. 

According to him, investors should expect Bitcoin ETFs to handle trades of this size more often. He compared the situation to someone trading a $20 billion S&P 500 contract, which traditional markets would usually treat as a normal event.

Bitcoin Holds Above Key Levels Despite Pressure

Bitcoin saw increased volatility around the time of the IBIT trade. The asset first traded close to $77,875 before falling to $76,720. Prices later dropped further toward roughly $75,600 as selling pressure grew across the market.

Despite the decline, Bitcoin stayed above the $75,000 level on May 26 while posting a daily loss of 1.86%. The weakness continued into the next trading session, with Bitcoin already down another 1.18% on the day and trading around $74,900.

The broader ETF market also handled the rise in activity fairly well. Total spot Bitcoin ETF trading volume reached $4.4 billion, marking the highest level seen in two months. However, the figure did not break any yearly records.

Earlier this year, the market recorded $4.93 billion in spot Bitcoin ETF volume on March 16. Trading volume also climbed to around $6.5 billion on March 5 and $6.49 billion on March 4. The biggest intraday volume of 2026 remains the $14.7 billion recorded on Feb. 5, showing that the recent $4.4 billion session was large but not unusual for the market.

Bitcoin ETF Outflows Persist

The massive IBIT transaction also came during a period of continued ETF outflows. U.S. spot Bitcoin ETFs have recorded consecutive intraday outflows since May 15, showing ongoing pressure in the sector.

Bitcoin ETFs Outflows Sosovalue
Bitcoin ETFs Outflows | Sosovalue

On the day of the trade, U.S. spot Bitcoin ETFs posted around $333.7 million in net outflows. IBIT accounted for the largest share, with roughly $192.4 million in redemptions. However, this was only the largest single-day outflow in just five days. The market has consistently seen worse this year.

XRP Liquidity Crashes to 6-Year Low: How Could This Impact Price?

Mark Brennan
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XRP Liquidity Crashes to 6-Year Low: How Could This Impact Price?

XRP has remained under pressure after pulling back from $1.54, and new market data now shows a drop in liquidity on major exchanges.

Verified CryptoQuant analyst Arab Chain recently revealed that XRP liquidity on Binance has fallen to its lowest level in more than six years. This raises concerns about how easily the market can handle large trades.

Key Points

  • XRP’s 30-day liquidity index on Binance dropped to 0.043, its lowest level since January 2020.
  • Arab Chain says weaker liquidity could make XRP more vulnerable to sharp and sudden price movements.
  • Santiment reveals that the average active XRP trader currently sits at a 47% loss.
  • XRP’s 30-day MVRV fell to its lowest level since December 2020, signaling extreme fear among traders.
  • Analyst Casi warned XRP could still fall toward $1.10 or $0.87 before staging a recovery.

XRP Liquidity Crashes to 6-Year Low 

In his analysis, Arab Chain revealed that the 30-day liquidity index for XRP on Binance has continued to decline while XRP trades around $1.34. 

The index has now dropped to roughly 0.043, its weakest level since January 2020. According to the analyst, this shows that market depth has weakened significantly and that there is far less liquidity available for trading than in previous years.

XRP 30D Liquidity on Binance CryptoQuant
XRP 30D Liquidity on Binance | CryptoQuant

Arab Chain pointed out that XRP saw much stronger liquidity conditions between 2022 and 2024. During this period, the liquidity index moved above 3 and even crossed 4 points at times. These higher readings came during periods of stronger trading activity and heavier market volatility.

However, over the past few months, liquidity has collapsed. Arab Chain said this decline could mean that speculative interest in XRP has weakened and that fresh money is no longer flowing into the market at the same pace. 

He added that low liquidity could make XRP more sensitive to sudden price swings because large buy or sell orders can now move the price more easily.

How This Could Impact the XRP Price

Speaking on the price impact, Arab Chain noted that markets with weak liquidity often become more vulnerable to sudden and aggressive price moves. If trading activity rises quickly when liquidity is low, prices can react sharply because there are not enough orders in the market to absorb the extra demand or selling pressure.

However, despite this possibility, the analyst clarified that low liquidity does not automatically mean XRP will turn bullish or bearish. 

He stressed that the market currently remains cautious, with traders waiting for stronger signals before making major moves. XRP’s market activity has slowed noticeably compared to earlier periods that saw stronger inflows and more active trading.

XRP Has Entered an Undervalued Zone

In a separate report, blockchain analytics platform Santiment revealed that, amid the ongoing downtrend, the average XRP trader who has been active over the last 30 days is now sitting at a loss of around 47%.

This is based on XRP’s 30-day Market Value to Realized Value (MVRV) ratio. Santiment noted that MVRV readings usually move back toward 0% over time, which makes the current level an extreme undervalued zone for XRP. The company also noted that XRP’s 30-day MVRV has now dropped to its lowest level since December 2020.

XRP MVRV Ratio Santiment
XRP MVRV Ratio | Santiment

Santiment said the deeply negative MVRV reading shows that many traders have reached high levels of fear and frustration. In previous market cycles, similar conditions often appeared before strong rebounds.

However, the platform warned that weak MVRV readings alone do not guarantee an immediate reversal, even though they may suggest that most panic selling has already happened.

Could XRP Revisit Lower Levels?

Meanwhile, market analyst Casi warned that XRP still faces strong resistance despite its recent decline. She said XRP has continued to face rejection below a key consolidation pattern over the last few days.

Casi explained that XRP has spent the past four months struggling to break above the $1.65 resistance level. According to the analyst, the longer XRP fails to reclaim that level, the higher the chances of one final drop toward lower macro support zones.

The analyst identified $1.10 and $0.87 as the key support levels to watch. However, Casi believes XRP could see a massive recovery after testing those lower support areas. The first major sign of a stronger recovery would come if XRP manages to reclaim the $1.65 level and turn it into support.

Shiba Inu Remains One of Crypto’s Biggest Wealth Stories, Turns $1K to $99M

Lele Jima
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Shiba Inu Remains One of Crypto’s Biggest Wealth Stories, Turns $1K to $99M

Despite Shiba Inu’s massive decline from its 2021 peak, early investors who bought the token during its infancy are still in enormous profit today.

Shiba Inu recently returned to the spotlight after BSCNews published new commentary highlighting the token’s historic rise from relative obscurity to one of the crypto market’s greatest wealth-creation stories.

Key Points

  • BSCNews described Shiba Inu as one of the crypto market’s biggest wealth-creation stories despite its sharp decline from the 2021 peak. 
  • A $1,000 investment in SHIB at its November 2020 bottom would now be worth nearly $99.1 million. 
  • SHIB reached its all-time low of $0.00000000005637 in November 2020 and subsequently spiked to an all-time high of $0.00008845 a year later. 
  • While early investors are still in gains, those who bought SHIB near its peak continue to face heavy losses. 

$1K Invested in Shiba Inu at Its ATL Is Now Worth $99.1M

According to BSCNews, a $1,000 investment in Shiba Inu at its November 2020 bottom would now be worth nearly $99.1 million. The remarkable return followed SHIB’s surge of more than 150 million percent from its all-time low, solidifying its status as one of the best-performing assets in crypto history.

For context, Shiba Inu plunged to an all-time low of $0.00000000005637 in November 2020, according to CoinGecko data. At that price, a $1,000 investment would have purchased roughly 17.74 billion SHIB tokens. 

With SHIB trading around $0.000005587 at the time of the report, those holdings were valued at approximately $99.1 million. Notably, these gains remain extraordinary even though Shiba Inu currently trades about 93.7% below its all-time high reached during the 2021 meme coin frenzy.

Shiba Inu’s Remarkable Performance

Shiba Inu initially launched as a meme-inspired cryptocurrency. However, the project quickly evolved into a global crypto phenomenon driven by retail investors, a viral online community, and its transition toward utility-focused development.

The token eventually climbed to an all-time high of $0.00008845 on October 28, 2021, creating life-changing wealth for many early investors. At that peak, the original $1,000 investment made at the bottom would have been worth roughly $1.56 billion.

Although SHIB has since experienced a sharp correction and added another zero to its price, the early investment still retains a value exceeding $99 million. Consequently, BSCNews described Shiba Inu’s rise as one of the greatest wealth-generation stories the crypto industry has ever seen.

Late Investors Still Face Heavy Losses

While early investors generated enormous profits, traders who entered near the top continue to suffer significant losses. For instance, someone who invested $1,000 in Shiba Inu at its peak would now hold an investment worth only about $631.

Consequently, many frustrated investors have voiced their disappointment, with some eventually selling their holdings at a loss. Critics also argue that Shiba Inu may never replicate its previous explosive rally due to growing competition, concerns about the team’s long-term commitment, and the token’s massive circulating supply.

However, supporters remain optimistic about SHIB’s prospects. Crypto commentator Shelby recently argued that Shiba Inu could “run hard” during the next meme coin cycle, often referred to as “dog season.”

In the meantime, Shiba Inu continues to dominate discussions about how ordinary investors transformed modest investments into overnight fortunes during the crypto market’s biggest speculative rallies. 

XRP Next Move Hinges on This Major Resistance

Elendu Benedict
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XRP Next Move Hinges on This Major Resistance

XRP has struggled to break above a major resistance zone after several months of sideways price action, but a decisive move remains in the picture.

At press time, XRP trades at $1.33, down slightly in the past 24 hours. While it has found stability around its current price, a major supply zone above has continued to hamper upside potential, increasing the risk of a further price pullback.

Key Points

  • XRP has repeatedly faced rejection at or around the $1.65 resistance for four months now.
  • Its price action has also remained trapped within a broad consolidation structure on the 4-hour chart since February.
  • Multiple breakout attempts around the same resistance area in February, March, and May have failed.
  • The longer XRP remains below $1.65, the greater the possibility of another move into lower macro support regions at $1.10 and $0.87.
  • If XRP successfully reclaims $1.65 and turns it into support, it will confirm the necessary momentum for the next upward move.

XRP and the $1.65 Resistance

The current trend has caught the attention of market analyst CasiTrades. In her recent X post, she highlighted the repeated rejections below the $1.65 resistance. XRP has been like this for four months, reinforcing the zone as a stronghold.

Meanwhile, its price action has remained trapped within a broad consolidation structure on the 4-hour chart since February. Within this wedge, XRP has made lower highs and higher lows, with each swing high fading at or near the golden pocket Fibonacci level between $1.65 and $1.53.

The accompanying chart highlights multiple failed breakout attempts around the same resistance area, suggesting buyers are still unable to establish sustained control above that level. The lower highs on February 5, March 17, and May 14 to $1.67, $1.60, and $1.55, respectively, confirmed this trend.

XRP Stuck Below $1.65 Resistance/CasiTrades
XRP Stuck Below $1.65 Resistance/CasiTrades

Currently, XRP has slipped below the lower support of the price range, an area that has cushioned price weakness over the past 4 months. At its current price, it also sits below the $1.36 support level, adding pressure on the asset.

The Clock Is Ticking for XRP

According to CasiTrades, the clock is ticking for XRP. The longer it remains below the $1.65 resistance zone, the greater the possibility of another move into lower macro support regions. 

The analyst noted that two technical levels have been at the center of her prediction for such a scenario. These areas are around $1.10 and $0.87, which would mark a decline of 17% to 34% from the current market price. Both areas align with the 0.78 and 0.85 Fibonacci retracement levels, respectively.

Notably, this adds to the list of analysts expecting further declines in XRP unless current market conditions change. Recently, Ali Martinez highlighted the $0.73 support as an area he is closely watching should the price drop further.

Recovery Heavily Depends on Reclaiming Key Resistance

Despite the recent weakness, the analyst suggests that a “violent” recovery would develop after retesting the macro support areas. However, the real confirmation of the move would be a reclaim of the $1.65 resistance.

If XRP successfully reclaims this resistance and turns it into support, it will confirm that it has the necessary momentum for the next upward move. That move from both macro supports would mark increases of 89% and 50%. Meanwhile, from the current price, it represents a 24% growth.

The experienced trader concluded that “time is up” as XRP has been consolidating within this tightening structure for a long time. She expects a decisive move in XRP any time soon.

XRP Treasury Giant Says Legacy Banking Rails Are Decades Behind Modern Tech

Abdulkarim Abdulwahab
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XRP Treasury Giant Says Legacy Banking Rails Are Decades Behind Modern Tech

Evernorth, the largest public XRP treasury company, says much of the global financial system still runs on outdated technology, even as blockchain and AI continue to grow quickly.

In a post on X, the company shared comments from COO Meg Nakamura during the Web Summit Vancouver event. She explained why traditional banking systems may struggle to keep up with modern digital finance and how blockchain networks like the XRP Ledger could play a larger role in the future.

Key Points

  • Evernorth says legacy banking systems are decades old and too slow for modern digital finance.
  • The firm argues blockchain networks like XRP Ledger could power faster global money transfers.
  • It says XRP is expanding beyond payments into DeFi, lending, and tokenized financial products.
  • Evernorth is preparing a Nasdaq listing under “XRPN” with over $1B backing its XRP treasury strategy.

Evernorth Says Banking Rails Are Too Slow

According to Evernorth, the systems connecting major banks today were built 30 to 60 years ago. The company said these systems no longer match the speed of the modern internet.

Evernorth compared global money transfers to sending photos online. People can instantly share photos and videos worldwide for free, but sending money across borders is still slow and inefficient in many cases.

Nakamura said the financial industry may soon go through a major shift. Instead of upgrading old banking systems, developers could begin building financial applications directly on blockchain networks.

XRP Expanding Beyond Payments

Evernorth also said XRP is now being used for more than cross-border payments. According to the company, XRP has expanded into areas such as lending, tokenized vaults, and decentralized finance (DeFi).

The firm added that combining blockchain with AI could create major opportunities for the financial industry. However, it warned that AI systems moving too quickly without safeguards could also create risks.

Evernorth believes the next stage of financial innovation will involve blockchain and AI working together while still following compliance and safety standards.

Evernorth Plans Nasdaq Listing

The comments come after Evernorth announced plans to become a publicly traded XRP treasury company.

In March 2026, Evernorth Holdings filed paperwork with the U.S. SEC as part of a planned merger with Armada Acquisition Corp. II, which is backed by Arrington Capital.

The company plans to hold XRP in its corporate treasury and give investors regulated exposure to XRP through public markets.

Evernorth said it has raised more than $1 billion for the strategy. Supporters include Ripple, SBI Holdings, Pantera Capital, and Kraken.

If approved by regulators and shareholders, the company plans to trade on the NASDAQ under the ticker symbol “XRPN.”

Shiba Inu Futures Flow Collapses 190% in 24 Hours

Elendu Benedict
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Shiba Inu Futures Flow Collapses 190% in 24 Hours

Shiba Inu derivative demand saw notable depreciation over the past day, as weak price action forced traders to look elsewhere.

Data from crypto analytics resource Coinglass shows a whopping 190% drop in Shiba Inu futures flow in the past 24 hours, suggesting a much weaker market activity. The drop follows uncertainty around the token’s price action, as the broader market continues to consolidate.

Key Points

  • Data from Coinglass shows a whopping 190% drop in Shiba Inu futures flow in the past 24 hours.
  • During this timeframe, outflows stood at $5.6 million, well above inflows of $4.74 million.
  • This brings the net difference to $865,790 in closed SHIB contracts, effectively taking 156.56 billion SHIB tokens off the futures market.
  • The Shiba Inu open interest (OI) dropped 6% to $49.4 million to reflect this negative change in futures flow.
  • However, in the past 24 hours, users withdrew 204.5 billion SHIB tokens from exchanges.

Dwindling Futures Interest

A drop in futures flows shows that the volume of trading activity and derivative contracts is dwindling. This often comes from weak demand, as traders move to close their open positions.

Notably, the recent disinterest might come from weak price momentum. Shiba Inu (SHIB) is barely moving, and futures traders don’t like low-liquidity assets. In the past four days, SHIB’s price has not moved by more than 2%, as consolidation intensifies. As such, derivative traders are losing patience, and the rotation to other performing tokens is obvious.

Coinglass data show that in the last 24 hours, futures outflows have outpaced inflows, confirming dwindling interest. Here, futures inflows show the value of new SHIB derivative contracts opened in the past day, while outflows show the value of those closed.

During this timeframe, outflows stood at $5.6 million, well above inflows of $4.74 million. This brings the net difference to $865,790 in SHIB contracts closed over the past day, effectively taking 156.56 billion SHIB tokens off the futures market.

Shiba Inu Futures Flow/Coinglass
Shiba Inu Futures Flow/Coinglass

Shiba Inu OI Drops 6%

Meanwhile, the Shiba Inu open interest (OI) dropped 6% over the same timeframe to $49.4 million to reflect this negative change in futures flow. OI measures the total value of all futures contracts open in the derivative market.

The drop confirms that derivative traders are slowly losing interest in Shiba Inu. Notably, strong futures interest, especially when bullish, positively affects an asset’s price. A lack of it keeps the momentum low and prices stagnant, particularly when spot demand is also not visible.

The 24-hour futures trading volume has also dropped by 0.88% to $78.6 million as market activity remains slow.

Spot Demand Keeps Hopes Alive

While futures demand has dropped, spot traders remain active. They have continued to move Shiba Inu off trading platforms, with exchange reserves dropping 0.25% to 80.32 trillion in the past 24 hours.

The total exchange netflow is negative, indicating outflows exceed inflows. In the past 24 hours, users withdrew 204.5 billion SHIB tokens from exchanges, a 3.6% increase from the previous day.

Shiba Inu Exchange Netflow/CryptoQuant
Shiba Inu Exchange Netflow/CryptoQuant

Such activity shows that market enthusiasts are buying the price weakness. While uncertainty is rising, they are moving more tokens off exchanges to self-custody wallets for long-term holding. Spot trading volume increased by 18.8% in the past 24 hours to $11.8 million to reflect this accumulation event.

In the meantime, SHIB trades at $0.00000553, almost unchanged in the past 24 hours. With volatility dropping and prices holding key support areas despite uncertainties, analysts believe the bearish trend may be nearing its end.

XRPL Foundation Introduces New Proposal to Improve XRPL AMM Structure

Sam Wisdom Raphael
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XRPL Foundation Introduces New Proposal to Improve XRPL AMM Structure

The XRPL Foundation introduced a draft AMM upgrade proposal that would add multiple liquidity curve models to the XRP Ledger.

Notably, the XRPL proposal expands the existing XLS-30 AMM structure with concentrated liquidity, StableSwap, and future Smart AMM functionality, but keeps older pools fully compatible.

Key Points

  • The XRPL Foundation published the “AMM Swappable Curves” draft proposal to upgrade XRPL’s AMM infrastructure.
  • The proposal eyes support for Concentrated Liquidity, StableSwap, weighted pools, and future programmable Smart AMMs.
  • Concentrated Liquidity would let providers focus funds within selected price ranges instead of the full market range.
  • StableSwap seeks to reduce slippage for stablecoin pairs.
  • The proposal also introduces multiple pools for the same token pair and expanded AMM transaction functionality.

The New AMM Proposal

The proposal, called “AMM Swappable Curves,” came from developers Denis Angell and Roman Thpt as part of efforts to expand the network’s DeFi capabilities. It builds on the current XRPL AMM system introduced through XLS-30, which went live in 2024. 

Notably, the new design would allow pool creators to choose from different mathematical structures when setting up a pool, instead of forcing every liquidity pool to use the same model. The goal is to make liquidity pools more flexible and more efficient for different types of assets.

Importantly, developers designed the proposal to work alongside the existing XLS-30 system without affecting pools that already exist. 

Current pools would continue running normally, while only newly created pools could use the added features. The proposal recently entered draft status and still needs activation through the featureAMMCurves amendment before launch.

Why the Upgrade Could Matter to Users

Right now, the XRPL AMM system uses the constant-product formula (x * y = k). This model spreads liquidity evenly across all possible price levels. While it works well for volatile assets, developers believe it does not use capital efficiently for stablecoins because most trades happen close to a 1:1 price ratio.

The new proposal would let creators choose liquidity curves that better fit specific asset types and trading strategies. As a result, liquidity providers could get stronger trading depth while using the same amount of funds.

The proposal would also allow several pools to exist for the same token pair. For instance, one pair could have a constant-product pool, a stable-focused pool, and a concentrated liquidity pool operating at the same time. 

Developers also want to prepare the system for future programmable Smart AMMs but maintain full compatibility with older pools.

Curve Types Included in the Proposal

Further, the proposal introduces a CurveType field that pool creators can select during setup. First, Curve 0 keeps the current constant-product model from XLS-30, using the same x * y = k formula made popular by Uniswap V2. This option would remain the default choice to preserve backward compatibility and would not require extra fields.

Curve 1 adds Concentrated Liquidity, similar to the system used in Uniswap V3. This model allows liquidity providers to focus their capital within specific price ranges called ticks. The structure relies on virtual reserves and tick-based calculations.

Meanwhile, Curve 2 introduces StableSwap, which targets stablecoins and closely related assets such as USD-pegged tokens. This uses an amplification coefficient called A to flatten the curve near the 1:1 peg and helps reduce slippage during large trades.

Curve 3 is reserved for a future weighted model similar to Balancer, while Curve 4 presents plans for a Smart AMM system that developers may introduce in a later specification.

Changes That Could Expand XRPL DeFi

The proposal would also change how XRPL identifies liquidity pools. Specifically, the system would include both assets plus the CurveType field instead of using only the asset pair. 

Developers also plan to expand AMM ledger entries with new fields such as CurveType, FeeTier for concentrated liquidity pools, Amplification for StableSwap pools, liquidity tracking data, current tick and price information, and fee accumulators.

Concentrated liquidity pools would also introduce non-fungible liquidity positions stored as separate ledger entries instead of standard LP tokens. Meanwhile, liquidity providers would set tick ranges during deposits.

Proposal Could Improve Liquidity and Tokenization

The XRP Ledger payment engine and decentralized exchange pathfinding system would continue working across different curve types and order books. Developers also discussed helper functions that could help traders find the best pools and routing paths during swaps.

The proposal keeps reserve and ownership mechanics similar to the current AMM system but adds extra owner reserves for concentrated liquidity positions and tick structures.

XRPL validator Vet reacted positively to the amendment on X, suggesting that it could mark the next stage of liquidity growth and tokenization on the XRP Ledger.

According to Vet, the StableSwap feature could improve pricing efficiency for pools such as RLUSD/USDC across the full liquidity range. 

Vet also said concentrated liquidity would allow users to focus capital only on the price ranges that matter most, instead of spreading funds across the entire market. He encouraged the community to share feedback as developers continue working on the proposal.

Analyst Says Shiba Inu Could “Run Hard” in Next Dog Season

Lele Jima
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0
Analyst Says Shiba Inu Could “Run Hard” in Next Dog Season

A popular crypto commentator has expressed renewed confidence in leading meme cryptocurrencies, particularly Shiba Inu, alongside Dogecoin and Floki.

In a recent post on X, the analyst argued that the dog-themed token has demonstrated resilience by surviving multiple market downturns and periods of alleged market manipulation. As a result, he believes Shiba Inu could record massive rallies once the “dog season” cycle returns.

Key Points

  • A crypto analyst named Shiba Inu, alongside Dogecoin and Floki, among his top meme coin picks.
  • The analyst argued that Shiba Inu has demonstrated strong resilience, having survived multiple crypto market downturns and prolonged bearish conditions.
  • According to the expert, SHIB could “run hard” and record significant gains once the next dog season market cycle begins.
  • Some bullish catalysts have weakened recently, as SHIB’s 24-hour burn volume totaled only 8.6 million tokens while Shibarium daily transactions remained around 7,220.

Top Influencer Explains Why Shiba Inu Remains a Favorite 

Crypto commentator Shelby, who boasts nearly 270,000 followers, identified Shiba Inu as one of his favorite dog-themed cryptocurrencies. He also named Dogecoin and Floki among his top meme coin picks.

According to Shelby, Shiba Inu earned his support because it survived what he described as years of bad markets and market manipulation. In his view, the token proved its resilience during prolonged crypto downturns that wiped out many weaker projects.

Notably, Shelby’s comments reinforce one of Shiba Inu’s strongest long-term narratives: survival. Unlike many meme coins that vanished after brief hype cycles, Shiba Inu has expanded significantly since its launch in August 2020. The project evolved from a simple meme token into a broader ecosystem featuring multiple initiatives, including Shibarium. 

Shiba Inu to Run Hard: Shelby 

Given this resilience, Shelby predicts that Shiba Inu, alongside Dogecoin and Floki, could “run hard” during the next “dog season.” In other words, he expects the tokens to post strong upward price movements during a period when dog-themed cryptocurrencies outperform the broader market.

Notably, Shiba Inu’s last major rally occurred in late 2024, when the token surged above $0.000033. Since then, SHIB has posted only modest gains amid broader market weakness.

Although analysts like Shelby remain bullish on Shiba Inu’s long-term prospects, some critics remain skeptical about the token’s ability to stage another explosive rally. They point to declining community engagement, weak Shibarium adoption, slowing burn activity, and what they describe as fading team support as factors that could limit future growth.

SHIB Shows Mixed Performance 

These concerns appear to be reflected in recent network data. Over the past 24 hours, the ecosystem destroyed only 8.61 million SHIB tokens, while Shibarium’s daily transaction volume is around 7,220.

At its current price of $0.000005530, Shiba Inu holds a market cap of roughly $3.25 billion, making it the 30th-largest cryptocurrency globally. Meanwhile, the token has declined 0.78% over the past 24 hours and 3.85% in the past week.

Despite the recent weakness, Shiba Inu’s exchange reserve data suggests that selling pressure may be easing. Notably, investors withdrew approximately 204.5 billion SHIB tokens from exchanges within the past 24 hours, signaling reduced short-term sell-side activity. 

Despite Shelby’s bullish projections, it remains uncertain whether a “dog season” will return or if Shiba Inu will participate in it. 

Top Trader Opens XRP 20x Long After $1.3 Dip as Hyperliquid Whale Bets on Rebound

Abdulkarim Abdulwahab
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0
Top Trader Opens XRP 20x Long After $1.3 Dip as Hyperliquid Whale Bets on Rebound

A crypto whale has opened a massive 20x leveraged long position on XRP on Hyperliquid.

The move comes amid an XRP price dip, suggesting expectations of a rebound despite the recent market-wide correction.

XRP community figure Xaif highlighted the trade in a post on X, revealing that the trader entered a 792,200 XRP long position at an entry price of $1.3564.

The position was worth more than $170,000 with a maximum 20x leverage. This massive positioning has drawn attention as market watchers debate whether smart money could be setting ahead of a major move.

“Leveraged to the max. Whales don’t do this for fun,” Xaif wrote.

Key Points

  • A crypto whale opened a 20x leveraged XRP long on Hyperliquid amid the recent market-wide correction.
  • The trader entered 792,200 XRP at $1.3564, signaling expectations of a strong price rebound soon.
  • Profits from Bitcoin and HYPE leveraged trades are helping offset losses from the underwater XRP position.
  • Analysts say rising XRP open interest and heavy shorting could increase chances of a short squeeze.

Whale’s XRP Bet Comes During Market Weakness

At the time of writing, CoinMarketCap data showed XRP trading around $1.32, down 1.35% over the past 24 hours. The decline closely mirrors weakness across the crypto market, with Bitcoin and several major altcoins also slipping amid risk-off sentiment, ETF outflows, and macroeconomic uncertainty.

The trader’s entry at $1.3564 means the position is currently underwater, with XRP trading below the open. Because the trade uses 20x leverage, relatively small price swings can significantly amplify gains or losses.

The screenshot shared by Xaif showed the XRP position carrying an unrealized loss of roughly $3,757 at the time the image was captured. With XRP trading at $1.32, the loss would be nearing $30,000.

However, the same trader is offsetting some of those losses through several profitable positions elsewhere in the portfolio.

Image

Bitcoin and HYPE Trades Cushion XRP Losses

Data from the Hyperliquid screenshot showed the trader holding multiple large leveraged positions across the crypto market.

The biggest winning trade was a 40x leveraged Bitcoin long position involving 254.98 BTC. That trade showed unrealized profits of more than $138,000, up over 28%.

Another standout winner was a 10x leveraged HYPE position, which carried profits exceeding $74,000.

Additional profitable positions included ZEC, SOL, AAVE, and FARTCOIN trades, all posting gains at the time of the screenshot.

Meanwhile, some positions were deeply negative alongside XRP. A leveraged PUMP trade was down more than $16,000, while KPEPE and AVAX positions were also in the red.

With this broad mix of positions, the trader is using profits from winning bets like Bitcoin and HYPE to cushion temporary drawdowns from higher-risk positions.

XRP Derivatives Data Signals Possible Short Squeeze

Xaif had earlier pointed to unusual XRP derivatives activity that may support a bullish outlook.

According to the analyst, XRP open interest recently climbed to a 30-day high above 60 million coins. At the same time, Binance perpetual futures cumulative volume delta reportedly fell to negative $641.9 million, while spot cumulative volume delta rose to positive $397.3 million.

The divergence suggests spot buyers may be accumulating XRP while futures traders continue aggressively shorting the asset.

Some traders believe this setup could increase the chances of a short squeeze if XRP suddenly reverses upward, forcing leveraged short sellers to close positions rapidly.

The whale’s decision to open a maximum-leverage XRP long during a market dip implies hopes that such a rebound could happen soon.

XRP Has Already Triggered 2 of 3 Conditions That Led to November 2024 Pump

Mark Brennan
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XRP Has Already Triggered 2 of 3 Conditions That Led to November 2024 Pump

XRP has now repeated two of the three steps that eventually led to the 580% price surge in November 2024.

The XRP price has continued to face selling pressure since hitting $1.54 earlier this month, down more than 13% from the local top. However, this pullback represents the second of three conditions that previously triggered XRP’s 580% upsurge in November 2024.

Key Points

  • The XRP price has dropped more than 13% from its local top of $1.54 attained earlier in May.
  • Chart data shows that this pullback is the second of three conditions that led to the 580% rally in November 2024.
  • The first condition involved a breakout above a consistent descending trendline.
  • Currently, XRP is retesting this trendline breakout as the second condition.
  • The third condition would involve a bullish upsurge after a successful retest of the breakout.

XRP Pullback Marks Second Upsurge Condition

Mikybull, a well-known crypto analyst, flagged this pattern in one of his recent XRP price analyses. The market exposition comes as XRP continues to face persistent selling pressure on the back of a broader market correction. Currently trading for $1.3295, XRP has already dropped 13.6% from the $1.54 local top on May 14.

This downtrend is also visible on the weekly timeframe, where XRP has already recorded two consecutive bearish candles since May 11. However, Mikybull’s chart indicates that the downturn may actually be the second of three conditions that preceded the iconic November 2024 upsurge.

Three Conditions for the November 2024 Upsurge

For context, XRP witnessed one of its most bullish price surges in November 2024 following the victory secured by President Donald Trump. Nonetheless, before that, the crypto asset completed two conditions surrounding its price action that laid the foundation for that rally.

Specifically, the first condition involved a breakout above a descending trendline that had limited XRP’s upside push for 12 months. This trendline emerged after XRP dropped from the $0.92 high in July 2023, and XRP eventually broke above it when it recovered to $0.63 in July 2024.

XRP 1W Chart Mikybull
XRP 1W Chart | Mikybull

Meanwhile, the second condition represented a retest of this trendline breakout. After soaring above $0.6, XRP faced a pullback, occasionally reaching the lower ends of the $0.5 region, as it retested the breakout. Its ability to hold above the trendline support confirmed the breakout’s strength.

Following the breakout retest, XRP witnessed a “bullish move” as the third condition, according to Mikybull. This bullish move resulted in an XRP rally from $0.5 in November 2024 to $3.4 two months later, marking a 580% price rally.

XRP Repeating the Same Pattern

This time, XRP seems to be repeating the exact pattern. After pulling back from the $3.6 peak in July 2025, another descending trendline formed amid persistent lower highs. XRP eventually broke above the trendline during the 6% weekly rally earlier this month, fulfilling the first condition.

However, after soaring to $1.54, XRP has now slipped into a correction with the rest of the crypto market. Interestingly, this correction represents the second condition before the eventual price upsurge.

If the pattern continues to play out like the last time, the third condition would be price stabilization and a rapid upsurge. “The next phase will be a bullish move,” Mikybull said. Data further shows that the weekly MACD has also repeated a structure similar to what preceded the November 2024 rally.

Important Caveat

With XRP changing hands at $1.3295, a similar 580% surge from here could push prices to a new all-time high around $9. However, it is important to note that past results do not always guarantee the previous pattern will repeat. As such, investors should manage their expectations.

There’s also the possibility that XRP may not successfully defend the breakout, which could lead to a drop back below the descending trendline. 

Notably, another prominent analyst, Ali Martinez, recently pointed out that XRP had dropped below the mid-band of its monthly parallel channel and could drop to $0.73 if it doesn’t recover that level.

XRP 1M Chart Ali Martinez
XRP 1M Chart | Ali Martinez
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