XRP News Today: XRP Dives 14% After Founder's $175M Sell-Off as WeWake Presale Hits 15x Entry Advantage

Ripple co-founder Chris Larsen sparked market volatility by transferring 50 million XRP—valued at $175 million—just before the token approached a local peak near $3.60. Blockchain investigator ZachXBT noted that $140 million of the XRP was directly sent to centralized exchanges, fueling speculation that the move was timed to offload assets at near-peak prices. The transaction coincided with a sharp decline in XRP’s value, which fell below $3.10 within days [2]. Larsen’s wallet still holds over 2.81 billion XRP, raising concerns about potential further sell pressure. Critics on social media labeled the move a “dump,” accusing Ripple of enabling insider sales during bullish periods, while others suggested it aimed to decentralize ownership or diversify holdings.

Amid this turbulence, the WeWake presale cryptocurrency emerged as a contrasting success story. WeWake, a Layer 2 blockchain platform, launched its Stage 1 presale at $0.0100, offering walletless and gasless onboarding through integrations with Google and Telegram. The project targets a $0.15 listing price in the public market, presenting a 15x entry advantage for early buyers. WeWake’s roadmap includes a Q2 2026 mainnet launch, leveraging ERC-4337 smart wallets and zk-rollups to streamline access to DeFi, NFTs, and dApps. The platform’s gasless model eliminates barriers for non-technical users, with features like Paymaster systems and zero-knowledge proofs enhancing usability and security [2].

WeWake’s tokenomics allocate 32% of its 308 million total supply to the presale, with additional reserves for ecosystem incentives, governance, and treasury growth. Early buyers can stake WAKE tokens to earn rewards or participate in governance decisions. The project’s utility-driven approach, including NFT minting and Telegram Mini App integrations by Q3 2026, has attracted retail investors seeking alternatives to regulatory-laden assets like XRP.

The juxtaposition of XRP’s sell-off and WeWake’s ascent highlights divergent investor sentiment toward established versus emerging crypto projects. While XRP faces ongoing regulatory scrutiny from the SEC, WeWake’s focus on user-friendly onboarding and scalability positions it as a solution for mass adoption. Analysts have noted a broader trend of institutional diversification into altcoins like Ethereum and Solana, but the fragility of market confidence remains evident in high-profile insider transactions.

Sources: [1] [Shultz Warns Against Selling XRP, Cites Painful Bitcoin Experience] (https://coincentral.com/shultz-warns-against-selling-xrp-cites-painful-bitcoin-experience/) [2] [ZachXBT/X] (https://twitter.com/ZachXBT) [3] [SEC Lawyer Raises Concerns over Health Companies' Crypto Investments as WH Adopts XRP] (https://coingape.com/sec-lawyer-raises-concerns-over-health-companies-crypto-investments-as-wh-adopts-xrp/) [4] [Blog - Trade With a Reliable Broker] (https://aldesainvestment.com/blog/)