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Ripple's Q1 2024 report reveals a significant decline in its XRP holdings, dropping below 45 billion tokens. The company sold 841.5 million XRP ($440.6 million), marking a 16% decrease from the previous quarter. Despite concerns, CTO David Schwartz denies that XRP's poor performance is due to these sales, comparing Ripple’s lower inflation rate to successful assets like Solana. Schwartz rejects token burning as a solution, citing the ineffective example of Stellar. Ripple’s spendable balance is now 4.84 billion XRP, down 237 million from the last quarter. The company aims to adjust its holdings to optimize asset management and adapt to market dynamics. #HotTrends #HotContent #WriteRean2👏

Ripple's Q1 2024 report reveals a significant decline in its XRP holdings, dropping below 45 billion tokens. The company sold 841.5 million XRP ($440.6 million), marking a 16% decrease from the previous quarter. Despite concerns, CTO David Schwartz denies that XRP's poor performance is due to these sales, comparing Ripple’s lower inflation rate to successful assets like Solana. Schwartz rejects token burning as a solution, citing the ineffective example of Stellar. Ripple’s spendable balance is now 4.84 billion XRP, down 237 million from the last quarter. The company aims to adjust its holdings to optimize asset management and adapt to market dynamics.

#HotTrends #HotContent #WriteRean2👏

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Ethereum (ETH) has recently surged over 25%, driven by optimism surrounding potential spot Ethereum ETF approvals in the U.S. Currently trading at $3,788.21, ETH has seen significant gains of 25.91% over the past week and 19.21% in the past month, though it remains 22.54% below its all-time high of $4,891.70. Key indicators supporting this bullish trend include a substantial rise in ETH futures open interest, which increased from 2.8 million to 3.2 million on May 20, and significant accumulation by permanent holders who purchased over 100,000 ETH amid the ETF approval rumors. These factors, coupled with increased investor confidence, suggest that Ethereum's upward momentum is likely to continue, with potential ETF approvals acting as a significant catalyst for further price increases. #HotTrends #HotContent #write2earn🌐💹
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Dogecoin (DOGE) could reach $0.20, driven by its recent emergence from a Descending Triangle pattern and increased whale transaction activity, which may limit supply and boost prices. This potential 17% rise is further supported by the anticipation of a spot Ethereum ETF approval, expected to create upward pressure on Dogecoin and other meme coins. Despite a recent pullback, chart data indicates signs of a potential reversal, suggesting a retest of the $0.20 resistance level. While an immediate recovery isn't certain, historical patterns often repeat, indicating a favorable trend for Dogecoin's short-term ascent. #HotTrends #HotContent #write2earn🌐💹
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Ethereum's price surged 19% to $3,683 amid speculation that the SEC might approve a spot Ether ETF this week, with Bloomberg analysts raising approval odds from 25% to 75%. This optimism has broken ETH out of a falling wedge pattern, suggesting potential gains towards $4,400, backed by bullish technical indicators. Concurrently, the eTukTuk presale, a green AI crypto initiative focusing on electric vehicles, has raised $3.3 million, nearing its $4 million target. The project aims to replace traditional Tuk Tuks with electric ones, promising significant growth post-launch due to its eco-friendly and innovative approach. #ETHETFS #HotTrends #write2earn🌐💹
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