XRP News Today: Humanity Token Surges 40% Amid Market Downturn

Humanity, a decentralized biometric and identity data platform, has emerged as the top-performing token among the 500 largest coins by market cap, experiencing a 40% price gain in the last 24 hours. This surge occurred as most altcoins dipped amid Bitcoin's (BTC) slip from highs of $110k on Friday. The losses for BTC came amid a massive 80,000 Bitcoin transfer by wallets that had stayed dormant for over 14 years, causing Ethereum, XRP, and Solana, among other top digital assets, to retreat to support levels.

Despite the broader market downturn, Humanity’s native token defied the trend, with its price surging from lows of $0.072 to above $0.108. The daily gains, accompanied by a 74% spike in trading volume to over $481 million, extended the cryptocurrency’s weekly rally to over 400%.

Several catalysts are likely driving the Humanity token's price higher. One key driver is the launch of Humanity trading pairs against the Korean won, with a South Korea-based crypto exchange adding the H/KRW pair on Thursday. The token has surged following this listing, largely due to the significant retail demand that often accompanies listings on Korean exchanges. Market data shows the H/KRW pair had seen over $46 million in 24-hour volume on the exchange – volumes that are comparable to those recorded on some of the platforms offering Tether (USDT) pairs.

Humanity launched its token in June and has benefited from market activity around its listing on top exchanges. Other than spot trading, H is also available for perpetual futures. Humanity secured a $20 million funding round at a $1.1 billion valuation in January 2025. The round was led by Pantera Capital and Jump Crypto. The blockchain project, which has formed partnerships with companies, stated the funds would be used to advance its decentralized identity solution.

Despite the broader market slump, several tokens, including XRP, Chainlink (LINK), Sei (SEI), and Sui (SUI), managed to achieve significant gains, surging as much as 40%. This surge was driven by a combination of technical indicators, strategic partnerships, and regulatory developments that bolstered investor confidence. The altcoin market experienced a downturn in early July, with its total market value declining to approximately $1.29 trillion. However, the surge in these tokens despite the broader market dip suggests that strategic moves and regulatory wins can drive significant gains in the altcoin market. Investors are closely watching these developments, as they may indicate sustained momentum and potential for further growth in the coming months.