Every month, Ripple, the blockchain payment giant, kicks off a significant event: releasing XRP tokens from its escrow. As May 1 approaches, excitement builds as 1 billion XRP tokens, valued at over $500 million, are about to enter the market.

While this monthly routine is expected, it still raises concerns among investors and analysts about how it might affect the XRP market.
Ripple’s Monthly XRP Unlock
Since 2017, Ripple has been following a set pattern, unlocking 1 billion XRP tokens at the start of each month. The upcoming May 1 unlock sticks to this plan, drawing from escrow accounts known as ‘Ripple (22)’ and ‘Ripple (23),’ according to data from April’s event.
This upcoming release holds significant weight within the cryptocurrency realm, making up about 1.83% of the circulating XRP supply and 2.48% of XRP tokens held in Ripple-controlled escrows. These figures highlight the release’s importance in shaping supply dynamics.
Post-Unlock Strategy
Following the XRP unlock in April, Ripple executed strategic transactions to manage the released tokens. Notably, ‘Ripple (22)’ transferred 200 million XRP to the treasury account ‘Ripple (1)’ for sale. 
On April 14, Ripple conducted a $48.5 million XRP sale in response to geopolitical tensions, followed by the liquidation of the remaining 100 million XRP reserved for sale on April 24.
Market Impact: Analysis
Market watchers closely monitor Ripple’s XRP unlocks due to their potential impact on price and supply dynamics. Recent analyses show a mixed picture. While some days saw minor gains, negative trends were predominant.
For instance, January saw a 20% decline in XRP price, followed by a 16.6% increase in February driven by limited positive trading days. March exhibited positive momentum initially but faced a significant decline post-sell-off on March 13, resulting in a 17% drop until March 20.
As Ripple continues its monthly XRP unlocking, the market braces for potential fluctuations. With May’s release exceeding $500 million, its effects on the cryptocurrency community are eagerly anticipated.

#XRPUnlock #XRPUpdate #XRPUSDT🚨 $XRP

After the recent Bitcoin halving in April, the crypto market geared up for potential gains. But Bitcoin’s price remained relatively calm.

So, what are the big investors, or “whales,” up to? They’re shifting their focus to altcoins, looking for new opportunities. Experts believe that these altcoins present golden opportunities for potential gains.
So, which ones are the giants focusing on? Which would probably work out best for you? Let’s dive in.
Top 3 Whale Picks To Buy
Cardano (ADA)
Since November 2023, Cardano has been witnessing a steady accumulation by whales. This trend has intensified recently, with a noticeable increase in transactions exceeding $100,000. While this accumulation is not a direct point of price movement for ADA, it signals growing interest from significant investors. Given the substantial influence of whales on daily trading volume, their continued accumulation of ADA could potentially support and even drive up its price in the future.
Toncoin (TON)
Toncoin’s rise to the top crypto ranks started with speculation about Telegram’s upcoming IPO. This caught the eye of big investors, leading to a flurry of high-value transactions. Despite a small dip from its peak, Toncoin continues to gain value, making it attractive to investors seeking profits. The ongoing interest from big investors shows their confidence in TON’s potential for growth.
Arbitrum (ARB)
Despite facing price corrections for nearly two months, Arbitrum has remained a target for whale accumulation. With expectations of a post-halving rally diminishing and an impending token unlock event on May 16, whales may be looking to capitalize on potential profits. The consistent accumulation of ARB by whales suggests a strategic move to prevent significant price declines, particularly considering the impending increase in circulating supply. This accumulation could buffer against ARB’s price dropping below $1.00.
In a world of changing market conditions, big crypto investors show adaptability by shifting focus from Bitcoin to altcoins. Their interest in Cardano, Toncoin, and Arbitrum reflects confidence in these assets, despite market ups and downs.
Do you agree with the whales’ picks? Which altcoins are you keeping an eye on?

#CardanoSurge #TONCOİN #Arbitrum: #whales_game $ADA $ARB $TON

For Terraform Labs, the situation appears dire. The US Court’s decision to review proposed remedies, following a jury’s verdict of fraud liability in a case with the SEC, signals potentially significant financial repercussions. 
The SEC’s proposal of $5.3 billion in disgorgement, prejudgment interest, and civil penalties contrasts starkly with Terraform’s suggested $1 million penalty. This vast disparity underscores the gravity of the situation for the company.

The upcoming court appearance on May 22, where arguments for proposed remedies will be presented, poses a critical juncture for Terraform. With both parties having already submitted filings, the court’s decision could have profound implications for the company’s financial stability.
Additionally, the ongoing legal issues surrounding co-founder Do Kwon further complicate matters. Kwon’s inability to attend the trial in person due to his arrest in Montenegro and the uncertainty surrounding his extradition to the US underscore the challenges facing Terraform’s leadership.
Furthermore, the company’s bankruptcy proceedings, initiated in January, suggest underlying financial strain.
Terraform’s reported liabilities and assets ranging between $100 and $500 million indicate a precarious financial position, exacerbated by the potential multi-billion dollar penalties proposed by the SEC.
Terraform Labs faces a critical juncture as it confronts the legal proceedings and potential financial ramifications. The outcome of the court’s decision in May will undoubtedly shape the company’s future trajectory.
#DoKwon #TerraEcosystem #SECvsTerraformLabs #LUNAUpdate $USTC $LUNC $LUNA

After the completion of the much anticipated Bitcoin halving on April 19, 2024, experts and enthusiasts are all carefully watching how the event will affect the price of assets in the crypto industry. Also, some experts have speculated on the price of Ripple (XRP) and Dogecoin (DOGE) in the coming months. 
Ripple (XRP) To Hit $1,000 According To Prediction By Top Crypto Advocate 
A prominent crypto community member on X (formerly Twitter) known as JackTheRippler has made a 3-5 digit price prediction for XRP, meaning he believes the coin will increase between the $100 to the $1,000 mark. While this looks like a long shot as XRP currently trades below the $1 mark, JackTheRippler predicted it because of the ongoing legal battle between Ripple (XRP) and the United States Security and Exchange Commission, which is gradually ending. 
The crypto enthusiast believes that the final result of the lawsuit could bring about regulatory clarity, paving the way for XRP to gain more adoption in the crypto industry and become the first cryptocurrency legally recognized for cross-border payment in the United States. Another reason why JackTheRippler made this prediction is the upcoming explosion of the tokenization market, which would result in a speculative $50 trillion flowing into XRP through the XRP ledger (XRPL).
Nevertheless, the fate of the Ripple (XRP) network currently hangs on the final court ruling, which could obligate them to pay a hefty fine of $2 billion demanded by the US SEC as penalties for alleged violations of securities laws. 
On the other hand, the court could uphold the previous ruling in July 2023 that said XRP is not a security. Either way, the prediction of JackTheRippler shows the confidence many in the Ripple (XRP) community have in the digital asset and its long-term potential once the legal dispute is finally resolved.
Dogecoin Set To Surge To $1 According To Price Analyst
Ali Martinez, a renowned on-chain analyst on his X (formerly Twitter) page, made a price prediction for Dogecoin (DOGE), speculating that it would reach the $1 mark by April 2024. Martinez made this prediction after carefully studying the past price pattern of the coin. 
However, crypto community members on X criticized the conservative prediction, with some speculating that the coin could reach $1.50 but not in April. Others aimed higher, pointing to its market cap as a factor that could make it go 6x the price Martinez predicted. 
However, Dogecoin (DOGE) currently trades at $0.16 and ranks 8th in the crypto market, according to data from Coinmarketcap. Nevertheless, the speculation of the coin integration into X social media platform as a payment method and the just completed Bitcoin halving is enough catalyst to catapult Dogecoin (DOGE) to the $1 mark and even surpass it. 

#SECvsRipple #DogecoinPotential #Dogecoin‬⁩ #XRPUpdate $DOGE $XRP

Collaboration focuses on tackling key Web3 challenges through data-driven insights, AI-powered development tools and zero-knowledge proofs
Sui, the Layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is collaborating with Google Cloud to support the future of Web3, via a partnership with Mysten Labs. This joint effort will focus on enhancing security, scalability, developer tools, and user experiences across a range of Web3 and AI-powered applications.
Key initiatives of this partnership include:
Data-Driven dAppsGoogle Cloud strengthened its commitment to Sui’s development ecosystem by integrating Sui blockchain data into BigQuery public datasets, providing developers with powerful analytics tools, unlocking new insights and innovative dApp possibilities.AI-Enhanced DevelopmentSui used Google Cloud’s generative AI platform, Vertex AI, and trained it on the Move programming language, to help Web3 developers debug and augment code generation.Mysten Labs created a new AI-based code auditing tool using Google Cloud’s AI and Cloud capabilities, that identifies security vulnerabilities in Rust, Move, Typescript and Solidity, augmenting security efforts to quickly identify and improve vulnerable code.Seamless User ExperienceSui’s zkLogin technology already demonstrates the potential of this collaboration, as it bridges some of the gaps between traditional (Web2) and decentralized (Web3) applications. zkLogin is a fundamental cryptographic primitive that uses OAuth credentials from Google and other trusted Web2 platforms, allowing frictionless authentication of crypto wallets and dApps on Sui.Robust and Scalable InfrastructureSui leveraged Google Cloud’s globally scalable infrastructure to power the security and high transaction throughput of its network. This integration ensures high performance and seamless capacity to scale. 
“COLLABORATING WITH GOOGLE CLOUD HELPS US PROPEL THE DEVELOPMENT OF SECURE, SCALABLE, AND USER-CENTRIC WEB3 EXPERIENCES,” SAID EVAN CHENG, CEO AND CO-FOUNDER OF MYSTEN LABS. “GOOGLE CLOUD’S INFRASTRUCTURE AND CUTTING-EDGE AI CAPABILITIES COMPLEMENT SUI’S UNIQUE TECHNOLOGICAL STRENGTHS, EMPOWERING ALL TYPES OF DEVELOPERS TO CREATE THE NEXT GENERATION OF DECENTRALIZED APPLICATIONS ON SUI.”
“WE ARE COMMITTED TO SUPPORTING WEB3 INNOVATION WITH OUR SECURE CLOUD INFRASTRUCTURE AND AI CAPABILITIES,” SAID AMIT ZAVERY, VP AND GENERAL MANAGER, AND HEAD OF PLATFORM, GOOGLE CLOUD. “SUI’S ADVANCED BLOCKCHAIN TECHNOLOGY AND COMMITMENT TO USER-FRIENDLY EXPERIENCES MAKE THEM A VALUABLE COLLABORATOR FOR DELIVERING TRANSFORMATIVE APPLICATIONS THAT CAN BE EASILY EMBRACED BY WEB3 AND WEB2 DEVELOPERS.” 
Google Cloud is also committed to empowering the Sui developer community through its Web3 Startup Program. This initiative offers resources including Google Cloud credits, access to Discord channels with Web3 experts, foundation grants and global events, all designed to accelerate the development of innovative applications on Sui.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com
About Google Cloud
Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.
Contact
Global Communications Manager
Lexi Wangler
Mysten Labs
lexi.wangler@mystenlabs.com
#SUI🔥🔥🔥🔥 #Suibasecamp #SUItotheTop10 $SUI

PEPE coin has succeeded in grabbing the interest of analysts and investors alike once more. Popular crypto analyst Cold Blooded Shiller has posted a thorough technical analysis of the PEPE/USDT pair on Binance, highlighting both substantial potential and concerns in the current market.
A More in-depth Analysis of PEPE 
In his tweet, Shiller outlined both bullish and pessimistic outlooks for PEPE as it nears a pivotal point in its price chart. He discovered a significant support-turned-resistance zone between $0.0000063 and $0.0000062 after studying the currency over a four-hour period.
In addition to indicating a change in market dynamics, this move from resistance to support also suggests a fundamental shift in investor attitude regarding PEPE.

PEPE’s price has somewhat decreased, according to data from CMC, falling by 1.50% in the last day and by a negligible 0.37% in the previous week. These swings coincide with PEPE approaching a critical resistance indicated by a declining trend line, as indicated by Shiller’s analysis.
Technical Analysis: Important Levels and Possible Breakouts
Shiller highlights the possibility of a “fakeout,” in which PEPE briefly breaks above this trend line before reversing course and possibly declining into the established support zone around $0.0047423.
But if this support holds, it might act as a springboard for the currency, increasing its value by 47.47% and aiming for an upper price goal of $0.000011.
Furthermore, according to the Relative Strength Index (RSI), PEPE is presently in a neutral zone and could move significantly either upward or lower.
Shiller highlights the combination of possible risks and significant rewards in his recommendation for investors to consider investing in PEPE if indications of a strong breakout are seen.
Also, PEPE was trading just below the 200-EMA at the time of publication, a pivotal point that may determine the course of the market going forward.

On the other hand, meme token hodlers have historically been profitable during downturns in the global market by holding tokens like PEPE, DOGE, and SHIB, in line with what baelcalls previously disclosed.

#PEPE❤️ #PepeToRunTheBull #Memeoins $PEPE

In the midst of a turbulent day for major cryptocurrencies, XRP faces a 2.3% dip alongside a broader market selloff. However, the spotlight is on significant whale movements of 53 million XRP just ahead of the SEC filing deadline on April 29, raising questions about the motives behind these transactions amid the ongoing legal battle with Ripple Labs.
Whales Move 53M XRP
According to on-chain data tracking platform Whale Alert, a recent whale transaction involving the transfer of 30.53 million XRP (worth approximately $15.92 million) from r4wf…5Xgw to Bitstamp has stirred speculation within the cryptocurrency community. 

In a separate transfer, another whale accumulated 23.03 million XRP (worth around $11.55 million) from Binance. This significant accumulation by the whale “rarG6…2bZKk” reflects growing trader confidence in XRP ahead of the anticipated developments in the lawsuit.

Furthermore, the whale identified as “r4wf7….h4Rzn” responsible for the recent transaction has been observed moving a significant amount of XRP to centralized exchanges (CEX) in recent days, adding fuel to the fire.
Speculation Among Crypto Community 
Meanwhile, market participants are divided in their interpretations, with some speculating that these transactions represent strategic selloff moves by whales anticipating legal repercussions. 
Others suggest it might be part of Ripple’s broader liquidity management strategy, especially given Ripple’s partnership with Bitstamp in cross-border payments. However, this large movement of XRP coincides with growing uncertainty surrounding the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC).
29 April Deadline for the SEC
Meanwhile, Magistrate Judge Sarah Netburn has set an important deadline for the SEC to respond to the ongoing dispute with Ripple Labs, with the deadline falling on April 29, 2024. This follows Ripple’s motion to dismiss the SEC’s expert submissions. 
XRP Price Performance 
As of now, XRP is trading at $0.5011, reflecting a 2.48% decline over the past 24 hours. Meanwhile, its trading volume has surged by 33.42% to reach $795.94 million. The recent losses have led to a nearly 7% decline in XRP’s price over the last seven days. Additionally, on a monthly basis, XRP has plunged by about 20%.

#XRPUpdate #XRPUSDT🚨 #SECvsRipple #SECvsRippleAppeal $XRP

Market Omega, a leading figure in the crypto trading scene, has sparked excitement for an imminent altcoin season, coinciding with Bitcoin’s potential surge beyond the formidable $74,000 mark. At present, Bitcoin stands at $62,010, facing stiff resistance as it strives to overcome crucial barriers.
The Altcoin Buzz Builds
In a recent tweet, Market Omega predicts a forthcoming altcoin season full of promise. According to their forecast, altcoins could experience rapid price hikes, with initial jumps of up to 100% following Bitcoin’s successful breach of $74,000.
Additionally, the trader foresees further gains of 50% in the days following, potentially leading to explosive growth, where altcoin investments could skyrocket by a remarkable 100x within just two weeks.

Market Omega draws parallels from previous market cycles, notably in 2017 and 2021, highlighting the resilience of altcoins during times of market turbulence. Despite initial doubts, previous altcoin seasons have seen a surge of excitement and momentum, driving even lesser-known coins to significant gains.
Handpicked Altcoin Gems
In anticipation of the upcoming altcoin season, Market Omega shines a light on several promising altcoins, including DIONE, LAND, ETH, INJ, KAS, BTC, RIO, PEPE, as well as references to “Real World Asset (RWA)” and Layer 1 projects. The trader’s endorsement of these assets reflects a growing optimism within the crypto community.
However, another influential figure in the crypto world, Moustache, who closely monitors the altcoin market, hints at a trend similar to previous altcoin seasons.
The Gaussian Channel Revival
A significant moment in 2020 saw Altcoins breaking out of the Gaussian Channel, heralding a period of increased activity and price surges. Now, Moustache’s analysis suggests a similar trend emerging in the current market landscape. The Gaussian Channel in the altcoin market cap chart is showing signs of nearing a breakout, indicating the potential for a renewed surge in altcoin prices.

Moustache’s insights not only shed light on the potential trajectory but also emphasize key buy signals from indicators like the Super Trend and the EMA 10, which have remained strong during previous altcoin rallies. While altcoin rallies offer promising returns, investors must exercise caution, mindful of the associated risks.

With Bitcoin on the rise, which altcoins are you keeping a close eye on? Let us know.

#bullrun/SPOT #BullRunPotential #RWA! #Memecoins__ $PEPE $INJ

Crypto enthusiasts rejoice as Ethereum gas fees plummet to a six-month low, signaling a potential boom for alternative cryptocurrencies. Market players and analysts are abuzz over the recent drop in Ethereum transaction costs, coinciding with a solid 4.3% surge in Ether’s value.

According to insights from Santiment, the average gas transaction fee nosedived to a mere $1.12 on April 27, sending ripples across the entire cryptocurrency landscape, particularly for altcoins.

But what to make of it all? This calls for a deeper analysis!
Why the Fee Drop?
The reduction in gas fees is partly attributed to decreased traffic on the Ethereum network. It’s a straightforward equation: fewer transactions often mean lower fees. Moreover, the latest Dencun significantly streamlined operations, ensuring smoother functionality within the network.
Past data shows a compelling link between declines in gas fees and subsequent periods of increased activity and price appreciation in altcoins. Santiment’s analysis suggests that these fee drops often coincide with market bottoms, hinting at a potential sentiment reversal and the beginning of an altcoin rally. This observation gains further traction from Ethereum’s sustained deflationary trajectory post-Merge, with more ETH burned than issued over the past five months, effectively reducing the overall supply.
Understanding the Market Sentiment
Despite the drop in gas fees and the promise of an altcoin resurgence, recent data reveals a noteworthy increase in Ethereum’s circulating supply. Over the last month, 74,458 new ETH entered circulation, surpassing the 57,516 ETH burned during the same period. While this surge in supply may raise eyebrows, it’s crucial to recognize Ethereum’s enduring deflationary trend post-Merge, characterized by a consistent pattern of more ETH being burned than issued.
Despite the recent increase in circulating supply, the cumulative amount of burned ETH since the Merge remains significant, indicating continued network activity and demand for Ethereum. This suggests that while there may be short-term fluctuations in supply dynamics, the broader market sentiment towards Ethereum remains positive.
Ethereum Technical Analysis
On the technical front, Ethereum appears poised for a breakthrough, potentially breaching the $3,300 mark. The market sentiment remains bullish for ETH, buoyed by recent whale activity, such as James Fickel’s notable acquisition of ETH, signaling confidence and optimism among investors.

So, what’s your verdict? Are you bullish on altcoins or is it still time to wait?

#EthereumPower #gasfee #EthereumUpdate $ETH

SlowMist, an established chain safety provider, has recently warned of a new round of virtual assaults on trustworthy sites via the abuse of security flaws in WordPress plugins.  As the alert states, these vulnerabilities are being exploited by malicious actors to insert hazardous JavaScript code into breached websites which later initiates what is famously known as watering hole attacks.
In this highly technical scheme, users who are not careful enough while visiting these sites are likely to encounter malicious pop-ups, which are risky tools to take advantage of. Pop-ups like these are designed to deceive users into executing harmful code and authorizing Web3 wallet signatures aimed at ultimately resulting in the theft of crypto-assets.
How can users stay protected?
1. Plugin Vigilance
Website administrators are advised to carry out extensive vulnerability assessments of their WordPress plugins. It is necessary to carry out a vulnerability assessment promptly and then apply the latest updates and security patches. Updating the plugins of websites allows website owners to decrease the probability of being hacked by cybercriminals many times over.
2. User Caution 
Users must be vigilant while web browsing, especially those sites carrying out Web3 activities. It is paramount that we delve deeper into the material content and signatures during virtual dialogues. People should stay away from downloading or doing business with unknown programs. They must carefully check whether the Web3 signatures belong to them or not to prevent unauthorized transactions and asset stealing.
Through being mindful, using the latest available versions of various tools and safe surfing practices, owners of websites and users can give the community a safer internet environment.
As cyber attackers enhance their skill level, awareness and compliance to the best practices remain the keys to preventing distinct cyberattacks, as well as protecting data and digital assets from unauthorized access. Be always aware, always be cautious and try to empower the security of all your online activities.

#ScamRiskWarning #hacking #ScamRiskWarning $BTC

Cryptocurrency-related crimes are on the rise in South Korea, prompting the country to take decisive action. Reports indicate that South Korea is set to transform its temporary crypto-crime investigative unit into a permanent department, aiming to tackle the growing concerns surrounding illicit activities in the digital asset space.
Jumping Into Action
Last year saw a significant surge in suspected illegal activities within the crypto sphere in South Korea, with over 16,000 cases reported by crypto companies—a staggering 40-fold increase. Urgency to address crypto security concerns intensified as reports unveiled a rapid proliferation of unlawful crypto-related activities associated with local companies.
What’s particularly alarming is the 49% spike observed in suspicious transactions, totaling 17,764 reported cases in 2023 alone.
The Financial Services Commission (FSC) highlighted a significant uptick in virtual asset-related crime cases, soaring by approximately 90% compared to previous years. The cumulative havoc wreaked by virtual asset-related crimes over the past half-decade has tallied up to a staggering 5.3 trillion won.
South Korea’s Efforts
With mounting concerns, South Korea is redoubling its efforts to clamp down on crypto-related crimes. The country’s Justice Ministry and Ministry of the Interior and Safety are poised to commence discussions in early May to elevate the Joint Virtual Asset Crime Investigation Unit to an official department.
This planned transformation aims to grant the unit a permanent mandate for continuous operation, replacing its current emergency status under the District Prosecutor of Seoul. By bolstering the unit’s resources with additional prosecutors and enhanced budget allocations, authorities anticipate a more robust and effective enforcement mechanism.

Established in July 2023, the Joint Virtual Asset Crime Investigation Bureau comprises over 30 seasoned professionals representing seven financial and tax regulatory bodies. It stands as a pioneering force in combating digital asset-related crimes in South Korea.
Sending a Crystal Clear Message
South Korea’s proactive approach extends to legislative measures, with the implementation of comprehensive crypto regulations effective as of July 19. These regulations aim to safeguard investor interests and root out illegal activities within the crypto market, imposing stringent penalties—including life sentences for severe market manipulation cases.
As South Korea bolsters its legal framework and law enforcement capabilities to combat crypto crime, a clear message emerges: criminals will face consequences, and robust measures are in place to safeguard the integrity of the digital asset ecosystem.

#hacking #hackers #HackerAlert $BTC

The market for meme coins, including Shiba Inu (SHIB), is poised for potentially massive growth, according to insights from Andrew Kang, co-founder of Mechanism Capital. Kang’s projections suggest that Shiba Inu and similar tokens could see their market capitalization increase by a staggering 100x. 

What’s behind this bold forecast? Venture capitalists (VCs) are diving into alternative cryptocurrencies, especially meme coins, seeing them as lucrative opportunities. Major VC firms, including Symbolic Capital Partners, have disclosed significant investments in SHIB tokens, indicating a strategic move toward these digital assets.
Institutional Interest in SHIB Tokens
Symbolic Capital Partners’ stake in SHIB, totaling 65.97 billion tokens valued at $1.64 million, is just one example of VCs betting big on meme coins. This injection of capital reflects confidence in the future potential of coins like SHIB.

Andrew Kang’s projections suggest that institutional interest could propel meme coins to unprecedented market cap heights – a tenfold to 100-fold increase, to be precise.
If Kang’s predictions come true, it would mark a significant shift in cryptocurrency investments. Institutional portfolios would pivot towards meme coins, reshaping the crypto landscape.
Market Cap Projections
The disclosure of substantial SHIB holdings by VC firms mirrors a broader trend of institutional involvement in the crypto market. This trend extends beyond traditional assets like Bitcoin and Ethereum, signaling a growing recognition of the disruptive potential of meme coins.
With SHIB’s current market capitalization at $14.61 billion, Kang’s forecast could propel it to an astonishing $1.46 trillion. This would surpass the market share of established cryptocurrencies, marking a seismic shift in the digital currency space.
Price Pump Soon?
Should SHIB’s market supply remain constant, a $1.46 trillion market cap would translate to a per-SHIB price of $0.00247 – a significant increase from its current value of $0.0000247.
In essence, the projected surge in meme coin market capitalization, led by Shiba Inu, signifies a remarkable opportunity in the crypto realm. With institutional interest at an all-time high, we stand on the brink of a transformative period that could redefine digital investments.
Don’t miss out on the potential meme coin revolution. Dive deeper into Shiba Inu to see if they fit your investment strategy.

#SHİB #Shibalnu #MemeCoinsToTheMoon #Memecoins🤑🤑 $SHIB

Ripple’s upcoming stablecoin has led to discussions about its potential impact on the use of XRP in Ripple’s On-Demand Liquidity (ODL) transactions.
Concerns have arisen among some members of the XRP community that the stablecoin could replace XRP as the preferred bridge currency for cross-border payments.
David Schwartz, has tackled these concerns head-on, highlighting the crucial need to advocate for payment solutions that seamlessly settle transactions using XRP.

He underscored Ripple’s primary objective, which is to eliminate any obstacles hindering the utilization of XRP in situations where it presents the most efficient resolution.
Schwartz emphasized the counterproductive nature of endorsing a payment method less effective than XRP for settlement, particularly given that half of ODL transactions presently rely on XRP.
However, there are still concerns among some community members about when XRP would be the optimal choice for settlement compared to the stablecoin. 

Schwartz noted that the appropriateness of XRP compared to the stablecoin hinges on several factors, including the duration for which a bridge asset is retained during transactions. 
Factors such as liquidity and the accessibility of on/off ramps could sway the decision between the two assets, particularly in instances where the bridge asset isn’t held for an extended period.

Ripple seeks to encourage the usage of XRP in situations where it offers optimal user experience and economic advantages, while also taking into account aspects such as liquidity and transaction duration.

#XRPUpdate #xrpstablecoin #SECvsRipple $XRP