"XRP Whales Stir Market: 430M Moved; CEO Pushes for U.S. Crypto Laws; SEC Eyes XRP ETF"

Generated by AI AgentCoin World
Sunday, Feb 16, 2025 3:58 pm ET1min read
CNCK--
MI--
XRP--

Ripple's XRP has witnessed significant whale activity recently, with over 430 million XRP moved in large transactions. Notably, Ripple itself transferred 300 million XRP to an unknown wallet, while Coincheck moved 40.8 million XRP. These strategic moves by big players could indicate a shift in the market dynamics for XRP.

Meanwhile, Ripple CEO Brad Garlinghouse has been actively engaging with U.S. lawmakers to advocate for clearer crypto regulations. His efforts have highlighted increasing bipartisan support for new laws that could provide more certainty for digital assets, potentially benefiting XRP's future prospects.

Crypto analyst Amonyxis has expressed optimism about XRP's price trajectory, predicting a surge past $20. Additionally, the SEC has acknowledged a filing for a potential XRP ETF, which could lead to greater institutional investment in the cryptocurrency.

In other news, PlutoChain ($PLUTO) is working on a hybrid Layer-2 platform that could transform Bitcoin's utility. By operating on its own high-speed blockchain, PlutoChain aims to achieve instant transactions and lower costs, making Bitcoin more practical for daily purchases, microtransactions, and global transfers.

PlutoChain's testnet has already processed over 43,200 transactions in a single day, demonstrating its scalability. The platform is EVM-compatible, supporting DeFi applications, NFTs, and AI-powered blockchain tools, which could expand Bitcoin's role beyond just a store of value.

With massive whale movements and positive regulatory developments, XRP could be poised for its next major price surge. Meanwhile, PlutoChain's hybrid Layer-2 approach could make Bitcoin more practical for everyday use, potentially driving mass adoption.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet