$XRP Faces Potential Decline as $1 Support Weakens
$XRP has recently surpassed the $1 mark, currently trading at $1.12, but struggles to maintain momentum at higher levels. The asset is at risk of losing its crucial support at the $1 level, which could lead to a decline. Key support zones to watch are at $0.75 and $0.69, and any further drop below these levels could trigger additional selling pressure. A high Relative Strength Index (RSI) indicates the market may be overheated, increasing the risk of a correction. With declining trading volumes and ongoing macroeconomic volatility, it is essential to monitor the $1 support level closely, as its breakdown could lead to significant losses for XRP.
$2.5 Billion Shiba Inu Whale Revealed: Could It Be Ryoshi?
Bubblemaps, a blockchain analytics platform, has uncovered a Shiba Inu (SHIB) whale holding $2.5 billion worth of SHIB, accounting for 10% of the total supply. This entity operates across approximately 150 addresses. Since Shiba Inu’s launch in 2020, the deployer wallet (0xb8f2) held half of the total supply. Between August and October 2020, a new player, "0x1406," acquired 103 trillion SHIB for just 38 ETH, a mere $10,000 at the time. With SHIB’s rise, the value of this investment has surged by an extraordinary 25,000,000%, now valued at over $2.5 billion. Some in the SHIB community speculate that this whale may be connected to Ryoshi, the elusive founder of Shiba Inu, who left the social media spotlight in 2021.
Binance Announces Six New Listings, Highlighting AI, Meme Coins, and Solana
Binance, the world’s largest cryptocurrency exchange, has introduced six new trading pairs, including APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.
The exchange has also expanded its Trading Bots service to include these new pairs, providing users with automated trading strategies. The new listings showcase a diverse range of tokens, with AI-focused projects like TAO from Bittensor, meme coins such as APE and TURBO, and tokens tied to the Solana ecosystem like RAY from Raydium. Additionally, the inclusion of HBAR and OM signals Binance's commitment to tokenizing real-world assets and supporting enterprise solutions.
These moves reflect Binance’s efforts to stay competitive in a rapidly evolving market and offer valuable insights into current cryptocurrency trends.