XRP Trumps Bitcoin And Ethereum With 286% Monthly Gains As Whale Deposits Hit Highest Levels Since April: Here's What You Should Know

XRP 8.00% rallied sharply on Tuesday, becoming the biggest gainer among the top 10 cryptocurrencies by market capitalization.
What Happened: The payments-focused coin lifted over 9% over the last 24 hours to $2.30, erasing afternoon losses that saw it dip to $1.92.
The coin’s trading volume soared 22% to $25 billion, emerging as the third-most traded speculative cryptocurrency.
The rally outshone returns by higher market cap coins such as Bitcoin 1.00% and Ethereum.
XRP has been one of the star performers of the ongoing cryptocurrency market bull run, skyrocketing as much as 286% over the past month.
Accordingly, large holders, or “whales,” have significantly increased their activity around the coin.
Over the past 30 days, more than 2.66 billion XRP tokens have been moved to cryptocurrency exchange Binance, the highest since April, per on-chain analytics firm CryptoQuant.
“Whale deposits can often signal potential shifts in strategy, as these players have significant amounts of assets at their disposal,” JA Maartunn, noted analyst and CryptoQuant author said.
The coin’s bull run has hinged on Donald Trump’s presidential victory, cryptocurrency-friendly Paul Atkins succeeding Gary Gensler as SEC Chair, a slew of filings for XRP spot exchange-traded funds, and the regulatory green light for Ripple Labs’ RLUSD stablecoin.
Price Action: At the time of writing, XRP was trading at $2.31, up 9.23% in the last 24 hours.
#XRP #Trump #garygensler #cryptomarket #CryptoNews

A new meme cryptocurrency, dubbed “GENSLER,” has skyrocketed in popularity following Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. The coin, which is based on a photo of SEC Chairman Gary Gensler, has seen its price increase by more than 1000% in the past week.

The coin's creator, who uses the pseudonym "CryptoKitty," says he created the coin as a way to "troll" the SEC and "show the world that the cryptocurrency community is not afraid of regulation." He also says that he hopes the coin will raise awareness about the SEC crackdown on the cryptocurrency industry.

The popularity of the coin caught the attention of the SEC, with Gensler himself tweeting about the coin on Tuesday. In his tweet, Gensler warned investors about the risks of investing in meme coins, saying they are "highly volatile" and "there is no guarantee they will be worth anything in the future."

Despite Gensler's warning, GENSLER continues to trade at high prices At the time of writing, the coin is trading at around $0.00001042 per coin Whether the coin will be able to maintain its current price remains to be seen, but its popularity is a sign of growing tension between the cryptocurrency industry and regulators.

Here are some of the reactions to the GENSLER coin on social media:

"This is very funny."

"The SEC really is being fooled by a meme coin."

"This is a sign of the times."

"The cryptocurrency community is not afraid of regulation."

The GENSLER coin is a reminder of the growing tension between the cryptocurrency industry and regulators. How the SEC's actions will affect the future of the industry remains to be seen.

Image meme taken from the meme token website

This is not investment advice please do your own research and stay SAFU

#SEC #Memecoins #garygensler