Major Ethereum holders continued to dump assets on Monday, with the Ethereum Foundation and WazirX hacker in the mix.
Ethereum sales from co-founder Vitalik Buterin have slowed down following widespread community criticism. However, the Ethereum Foundation—an organization created to support the Ethereum network—has remained poised on offloading its Ether stash.
Data from Spotonchain showed that the non-profit organization had resumed Ether sales this week after trading 450ETH for $1.09 DAI on Monday. The Ethereum Foundation paused sales on Sunday, having been on a selling streak for over six days. On-chain analysis showed that the foundation had converted 550 ETH to DAI in the past four days at an average price of $2,324.

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The market capitalization of the XRP Ledger (XRPL) ecosystem has recently fallen to $80 million, marking its lowest point since January 2022. 

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Despite a surge in network activity, the ETH price stays under $2,300 and takes a stand at a declining support trendline. Will Ethereum manage a bounce back or crash to $2,000?
Trapped in a bear channel, the Ethereum price is under extreme selling pressure, which puts massive pressure on the support trendline. Falling under $2,300, the minor recovery over the weekend with the network growth retests the broken $2,350 zone. 
With a higher price rejection and rising sell signals, Ethereum struggles to reclaim the $2,300 level and warns of a bearish continuation. 

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Charles Hoskinson congratulated the effect of the newly launched Snek.Fun, which saw Cardano hit a new daily trading volume high.
Cardano founder Charles Hoskinson has expressed gratitude for a recent milestone achieved in the Cardano network. Early Saturday, he quoted a post from memecoin sensation Snek, adding a “well done” message to the tweet.
Hoskinson retweeted a post where Snek highlighted that the Cardano network had hit a new daily transaction volume high. On Friday, the blockchain saw its best 24-hour DEX trading in history as traction to the network skyrocketed.

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Ripple chairman and co-founder Chris Larsen joins other high-profile business leaders to endorse U.S. Vice President Kamala Harris for president. 
CNBC reported today that 88 current and former business executives signed a letter declaring support for Harris. The letter, which was shared with CNBC, shows that Ripple’s co-founder was among the executives who endorsed Harris’ presidential ambition. 
These business executives believe Harris will strengthen the United States economy and democracy. Furthermore, they claim that the U.S. vice president will promote a stable business environment, potentially helping American industries thrive. 

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The Shiba Inu official liquid staking partner K9 Finance confirms plans to launch its highly anticipated liquid staking derivative (LSD) platform this month. 
Per a recent X post, the team behind K9 Finance declared its readiness to launch the staking platform in September. 

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Snek.Fun pulls user attention in its first few hours of debut, with the Cardano-based protocol struggling to keep up with increased demand.
The Cardano network could be the next chain where the meme frenzy sojourns after the debut of a memecoin launchpad. Snek.Fun, a memecoin creator, went live on the network late Thursday and was met with enthusiasm and criticism alike.
Snek.Fun is a project affiliated with Snek, the most popular memecoin on the Cardano ecosystem. The deflationary memecoin took the Cardano ecosystem by storm after its April 2023 debut and has made notable contributions to the blockchain.

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A whale address moves a substantial amount of XRP today, coinciding with a 2% drop in prices amid the ongoing market uncertainty.
XRP, the XRP Ledger’s native token, tanked 2% as a whale moved 105 million tokens today. On-chain data shows that the transaction, which moved $58 million worth of XRP at 9:05 UTC represents the largest transfer unrelated to Ripple, in over a week. 
Per the data, the sending address rsuRD…BWhA made two notable transactions this morning. The unidentified whale initially moved 2.5 million XRP ($1.3 million) to address rDrt…yS5W. The 2.5 million XRP was probably channeled to exchanges, as the receiving wallet seemed to be a selling wallet.

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