Despite Bitcoin clocking a fresh all-time high above $111,000, XRP, like many altcoins, continues to struggle to reclaim previous highs. In 24 hours, XRP price has registered a modest 3.6% gain despite a 250M whale move. So, why is the price stalling, and what should traders expect next from XRP? XRP Price Struggles Despite 250M Buying Spree On-chain data shows that on May 21, a whale address moved nearly 250M XRP tokens from the Kraken exchange. In most cases, heavy accumulation by XRP whales often precedes notable gains in price as demand surges and the supply on exchanges drops. XRP Whale Activity However, this was not the case this time around. In the last 24 hours, Ripple price has fluctuated between a daily low of $2.33 and a daily high of $2.43. At press time, XRP has posted the least gains compared to other top altcoins like Solana, Dogecoin, and… Read More at Coingape.com
Upbit is listing two new tokens, the liquid staking asset Haedal and the blockchain project AltLayer. ALT has been listed on June 16, while the HAEDAL listing will happen on June 17.
Regardless, this delay may not have impacted Haedal much. Both tokens are showing similar price curves, with a dramatic spike curving down to rest on a higher floor.
Despite maintaining notoriety with moves like a $100 million token unlock, its price has consistently ticked downward. Today, however, Upbit’s listing gave ALT a powerful boost, causing its asset value to briefly double:
Haedal, a liquid staking token, has had a slightly different experience in a few ways. For one, it’s much younger, only launching its TGE in May 2025.
Shortly after that, Binance hosted its airdrop, causing its price to climb more than 60%. Compared to that sort of notoriety, Upbit’s own Haedal listing announcement has had a much smaller impact.
Although AltLayer is already live on Upbit, the exchange announced shortly after that Haedal’s listing would be postponed until tomorrow morning (local time). In its official statement, Upbit provided no justification for this delay but apologized for the inconvenience.
The announcement roughly aligns with Haedal’s valuation starting to diminish, but it’s hard to be sure if they’re directly correlated.
Upbit’s AltLayer listing proceeded without incident, but its price chart followed a similar pattern to Haedal. After all, the delay is only for a few hours, so it may not do much to discourage trading activity.
Despite lingering concerns about regulatory compliance issues, Upbit listing holds significance as South Korea is one of the fastest-growing crypto markets in the region.
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