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RVN, the native token of Ravencoin, a blockchain dedicated to creation and peer-to-peer transfer of assets, saw an astronomical surge of 94% just hours after it was listed on Upbit exchange, even as Bitcoin dropped below $105,000 on Thursday. Upbit exchange announced listing of Ravencoin on Wednesday with 5 pm Korean Standard Time (KST) as
The post Ravencoin (RVN) up 94% post Upbit listing while Bitcoin dips below $105K appeared first on CoinGape.
Coinbase is planning to launch tokenized stocks and prediction markets trading on its platform. This move will turn it into a total financial markets exchange but based on blockchain technology. The firm also purchased 2,509 BTC in Q2 2025 to boost its Bitcoin treasury. Coinbase Expands Into Tokenized Assets Amid Pro-Crypto Shift in U.S. Policy
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The post XRP News Today: Ripple Transfers $498M to Unknown Wallet appeared first on Coinpedia Fintech News
Ripple recently moved over 230 million XRP, valued at around $498 million, to an unknown wallet, sparking excitement across the crypto space. The transaction was flagged by Whale Alert, with many speculating it could be a strategic transfer by Ripple or a massive whale move. While the destination wallet remains unidentified, the sheer size of the transaction has raised eyebrows, especially as it demonstrates the speed and efficiency of the XRP Ledger.
This major transaction isn’t just about the amount, it highlights XRP’s core strength. Unlike Bitcoin, which is more about holding value, XRP is built for fast and cheap global transfers. That’s why banks and financial institutions often lean toward Ripple’s tech. A transfer of nearly half a billion dollars with minimal fees and near-instant finality proves the XRP Ledger’s potential as a financial settlement layer.
Moreover, Ripple’s massive XRP transfer likely hints at internal fund management or prepping for a bigger institutional move. While the wallet remains unknown, it’s probably part of Ripple’s strategy to boost liquidity or adjust reserves ahead of regulatory or business developments.
Meanwhile, the XRP Ledger is recording increased activity on Binance. On June 6, XRP inflow spiked to 47.8 million, compared to just 5 million the day before, based on CryptoQuant data. This inflow suggests growing trader interest, even as XRP’s price remains steady around $2.19. Generally, such spikes hint at increased trading activity, but the stable price shows no major sell-off, yet.
Beyond Ripple, crypto institutions continue to make moves. Gemini has filed for a U.S. IPO via an S-1, following in the footsteps of Circle’s NYSE filing. Ethereum ETFs are also seeing a strong streak of inflows in 2025, suggesting a broader bullish trend for digital assets.
Together, these signals point to growing confidence in blockchain-backed finance, and XRP may be right at the center of it.
The post XRP News Today: Ripple Transfers $498M to Unknown Wallet appeared first on Coinpedia Fintech News
Ripple recently moved over 230 million XRP, valued at around $498 million, to an unknown wallet, sparking excitement across the crypto space. The transaction was flagged by Whale Alert, with many speculating it could be a strategic transfer by Ripple or a massive whale move. While the destination wallet remains unidentified, the sheer size of …
Solana (SOL) has struggled to maintain upward momentum in recent weeks. Although the cryptocurrency showed signs of an uptrend, it is now facing challenges due to declining demand for SOL.
The market environment is also deteriorating, which is contributing to the struggles. At $129, Solana is stalled below the key $135 barrier. There is no clear indication of a breakout in sight.
The Velocity of Solana has fallen to a 5-month low, signaling weakening demand. Velocity measures the rate at which an asset is circulated within the market. Solana’s current circulation levels are on par with those seen in October 2024, a clear indicator that the cryptocurrency is losing traction.
The drop in Velocity suggests that fewer investors are actively trading SOL, further adding to the bearish sentiment surrounding the token. This lack of demand makes a recovery increasingly difficult, as it implies that traders are hesitant to enter the market.
The ongoing low demand for SOL further confirms a bearish outlook. Many investors are likely waiting for a more favorable environment before committing to new positions, which could delay any potential recovery as the token struggles to attract fresh capital.
Analyzing the 2-week Market Value to Realized Value (MVRV) Ratio, a key metric that tracks the average profit or loss of recent buyers, reveals that the ratio is currently below the zero line. This suggests that investors who purchased SOL within the last two weeks are now facing losses.
This situation could lead to one of two scenarios: either investors hold their positions, hoping for a price recovery, or they sell to cut their losses.
If the latter occurs, increased selling pressure could push the price lower and potentially invalidate any attempts at recovery. In this scenario, the market would likely remain bearish until sentiment shifts.
Solana is currently trading at $130, struggling to break through the critical $135 resistance. While there has been a short-term uptrend, the likelihood of SOL breaching this level seems low. This suggests that the price could remain range-bound for the near future.
The combination of low demand and weak market sentiment points toward a potential decline. Solana may fall through its uptrend support line, with the next significant support levels lying at $125 and potentially $118.
This scenario would delay any recovery, pushing the token further into a bearish trend.
On the other hand, if Solana manages to break through the $135 resistance, the altcoin’s price push toward $148. A sustained move above this level could propel SOL to $150, invalidating the bearish outlook.
The post Solana Price Failing To Cross $135 As SOL Circulation Dips to 5-Month Low appeared first on BeInCrypto.