A large XRP transfer worth over $64 million by a Ripple whale has caught market attention as analysts suggest a possible bullish breakout. The transaction involved 29,532,534 XRP moving from an unknown wallet to Coinbase, hinting at renewed activity among large holders.
As XRP continues to trade above key support levels, traders are watching the market closely. Technical signals and whale movements are adding to speculation about a potential rally in the coming days.
Ripple Whale Activity Increases Ahead of Market Move
On-chain data has confirmed that Ripple whales have increased their positions. According to Santiment, wallets with 10 million to 100 million XRP tokens added over 200 million XRP last week.
This rise in accumulation by Ripple whales is seen as a possible move by institutional investors preparing for a price shift. At the same time, 23% of U.S. crypto investors now hold XRP, making it one of the most recognized tokens in the country.
Moreover, with the XRP ETF approval odds rising to 80% according to Polymarket, investor interest is rising. In addition, the Proshares XRP ETFs are supposed to launch on May 14 has boosted optimism of XRP price reclaiming $3.
The recent $64 million transfer into Coinbase has added to this outlook. Some analysts believe this move signals confidence by whales, who often act ahead of broad market trends. If true, the token could be preparing for a breakout toward key resistance zones.
XRP Price Action Signals Bullish Outlook
XRP is currently trading around $2.20 after recovering from a recent dip to $2.15. The price dropped on April 30, which triggered $13.9 million in long liquidations compared to just $1.49 million in short liquidations.
Crypto analyst Javon Marks commented on the situation, noting, “With lower timeframes confirming bull signals, another upside move can be in the works for XRP.”
Following the drop, the token’s futures open interest declined by about 4%, which may show traders adjusting their risk. Despite this, XRP price remains above its 20-day simple moving average (SMA), which is now seen as an important support level at $2.1677.
The upper Bollinger Band at $2.3082 is now a key resistance. If XRP price closes above this level with high volume, a push toward $2.50 or $2.80 is likely.
Momentum Indicators Show Mixed Signals
The Relative Strength Index (RSI) is currently at 52.44. It remains in the neutral zone but is slowly increasing, which may suggest building buying interest. The RSI average is at 54.08, and the small divergence between these levels is being monitored closely.
XRP/USD 1-day price chart (Source: TradingView)
The Chaikin Money Flow (CMF) is at -0.13, indicating some capital outflows, but it remains near the neutral line of 0.00. If the CMF moves into positive territory, it would signal a return of buyer strength in XRP price.
The Bollinger Bands have also narrowed, which often suggests a breakout could happen soon. Traders are now watching for price movement above $2.31 with rising volume, which would support the bullish scenario.
After numerous Congressional debates and revisions, the GENIUS Act is now on the verge of becoming law. The bill, which aims to regulate the stablecoin industry across the United States, is widely expected to be signed.
According to representatives from Digital Chamber, a D.C.-based advocacy group for the blockchain industry, the bill approval will likely come before the end of June. Such a move would increase institutional adoption and strengthen the US dollar’s dominance globally.
When Will the GENIUS Act Pass?
Poised for passage, the GENIUS Act is a landmark bill that would federally regulate the US stablecoin industry.
Despite recent disagreements between Republican and Democratic Senators, the bill passed a key procedural vote. Kristopher Klaich, Policy Director at The Digital Chamber, strongly believes in its impending approval.
“I feel pretty strongly that there won’t be more hiccups… I think the industry has been such a strong player in politics for the last couple of years and supporting campaigns… there’s a high cost for members that may be the stick in the mud,” he told BeInCrypto.
According to Taylor Barr, the advocacy group’s Government Affairs and PAC Manager, 53 amendments have been made.
“Majority leader Thune is committed to having what he’s calling a fully open amendment process, which means every single amendment has the full right to go through a debate vote and to have full closure on each amendment. So at the end of the day, that could be a three-week-long process,” Barr told BeInCrypto.
However, Barr clarified that a fully open process with 53 individual debates is unlikely. He expects these amendments to be divided into three or four groups, resulting in a more efficient and abbreviated open amendment process, given that many are duplicative.
If Barr’s estimations are correct, the bill will pass before the end of this month. When it does, the significance will be substantial for the greater crypto industry.
Understanding Stablecoin Impact
Stablecoins are arguably the most globally adopted digital asset. Unlike traditional cryptocurrencies like Bitcoin or altcoins, they provide worldwide access to a stable medium of exchange.
According to a January report by crypto exchange CEX.io, the total stablecoin transaction volume reached 27.6 trillion in 2024, exceeding Visa’s total payment volume and Mastercard’s by 7.7%.
Tether and Circle dominate the market at $151 billion and $59 billion, respectively. Together, they have an 89% market share, according to rwa.xyz.
Tether and Circle dominate stablecoin market share. Source: rwa.xyz.
Their heavyweight presence in global economies makes a bill like the GENIUS Act all the more significant. This is especially true in the context of a debilitated US dollar.
The Dollar’s Waning Influence
The US dollar started the year exceptionally weakly. Two days ago, the US Dollar Index (DXY)—a key measure heavily influenced by the euro—fell nearly 9% to just under 99. The results marked its weakest calendar year opening since at least the mid-1980s.
This situation and broader de-dollarization efforts by major US debt holders like China and Japan intensify concerns about the dollar’s future.
US Dollar Index Continues to Decline. Source: Yahoo Finance
Data from Ark Invest illustrates this shift. In 2011, these three nations held 23% of the $10.1 trillion in outstanding US Treasury debt.
By November 2024, despite the total outstanding US Treasury debt rising to $36 trillion, their combined holdings had dropped significantly to approximately 6%.
This substantial decrease in holdings by key foreign creditors highlights growing worries about the dollar’s long-term stability and the United States’ ability to refinance its massive debt.
“Dollars are the world reserve currency. Demand for dollars has waned at the sovereign level. Over recent years, the largest purchasers of treasuries are cutting their holdings of treasuries. That is not a good situation for the United States as they try to refinance,” Klaich said.
Klaich added that legislation like the GENIUS Act is crucial:
“In my mind, there’s very little more important than the stablecoin bill being passed from an macroeconomic perspective… If demand for dollars diminishes at the sovereign level, structurally speaking, if that is or can be replaced by demand at a retail individual level, that is a huge boon to the US government.”
The data behind Klaich’s statements seems to back his analysis.
What Role Will Stablecoins Play in Future US Debt Demand?
The stablecoin market is poised for significant growth. According to an April report from Citigroup, the total stablecoin supply could reach $1.6 trillion by 2030. This growth could create a demand for US debt comparable to the historical levels supported by sovereign nations.
Stablecoin issuers could be one of the largest holders of US treasuries by 2030. Source: Citigroup.
The GENIUS Act could facilitate this transition.
“Hopefully, when it passes, demand for stablecoins will explode because there are many companies and banks that are planning to introduce stablecoins that will provide the rails for them to operate at a consumer and business level. So the efficiencies companies and individuals realize will help push that,” Klaich explained.
“It allows anybody in the world to access US dollars. What that affords the US from an economic warfare standpoint is significant,” Klaich added.
With persistent inflation risks, the Federal Reserve is unlikely to buy back significant amounts of US treasuries. Therefore, encouraging stablecoin use allows this market to effectively replace currently ineffective financial mechanisms.
Amendments to the Bill
If the GENIUS Act is implemented correctly, the stablecoin industry could become a valuable financial tool for the US government to ensure long-term support for the US dollar.
The bill underwent a difficult revision process. According to Barr, the process was tedious and politically challenging.
“If you look at all of the progress we’ve made, we’ve worked on this for three Congresses now. We’ve worked on this [through] multiple different leaderships– minority, majority split. So we’re so close. We’ve done all this progress so we can see the finish line. We’re going to get there,” he said.
However, multiple revisions were a prerequisite for its passage to ensure the bill responsibly addressed consumer protection, national security, and market integrity issues.
Klaich noted that these critical concerns were addressed fairly in the legislative process. He emphasized that recent versions of the bill effectively integrated these revisions.
“None of those issues are existential, and they’ve been negotiated into the latest version of the bill that’s being considered right now. I think the changes that have been made are reasonable and acceptable,” he said.
The future will reveal if the bill passes and achieves its desired effect in helping the US overcome its complicated economic reality.
The meme coin market has long been a wild ride—fueled by hype, bold bets, and viral communities. While tokens like BONK and Dogwifhat (WIF) had their time in the spotlight, 2025 is shaping up to crown a new breakout star. If you’re on the hunt for the next big meme coin with real momentum and 1000x potential, Punisher Coin stands out as the one to watch.
Punisher Coin: The Best Crypto for Passive Income and Viral Momentum
Punisher Coin ($PUN) is an ERC-20 token on the Ethereum blockchain, but don’t be fooled — it’s no ordinary meme coin. With a revolutionary “Punisher Energy” system, the project is rewriting the rules of meme warfare. Here’s the play: target weaker meme coins, incentivize their holders to jump ship, and reward them with bonus $PUN tokens. This tactic drains liquidity from competitors and boosts Punisher Coin’s ecosystem.
But that’s not all. The team behind $PUN is hyper-focused on community. With mission-based rewards, users can earn both real cash and $PUN tokens by participating in challenges. It’s more than holding a coin — it’s joining a movement. Add to that an explosive presale ($30K raised in the first hour) and upcoming staking rewards, and you’ve got one of the top cryptos for passive income and high-growth speculation alike.
BONK: Solana’s Meme Experiment Peaks Early
BONK, the original meme coin of the Solana network, saw early success thanks to its community-first approach and massive airdrops. However, volatility and a lack of evolving utility have stalled its momentum. While it benefited from being first on Solana, its long-term upside is increasingly tied to Solana’s broader performance — and that’s a risky dependency in 2025’s uncertain DeFi landscape.
Dogwifhat (WIF): Viral Sensation, But What Comes Next?
WIF charmed the internet with its Shiba Inu mascot sporting a beanie — a perfect recipe for meme coin virality. It thrived on Reddit and X (formerly Twitter), gaining traction purely on vibe. Yet that’s also its Achilles’ heel: no staking, no missions, no unique strategy. As the meme coin market matures, investors are demanding more than memes. Punisher Coin delivers.
Punisher Coin vs. BONK & WIF: The Strategic Advantage
BONK and Dogwifhat (WIF) run on Solana, while Punisher Coin is built on Ethereum (ERC-20). Passive income is minimal with BONK and nonexistent with WIF, but Punisher offers high potential through staking and mission rewards.
Community engagement is limited to airdrops for BONK and virtually absent with WIF. Punisher Coin, however, drives activity with structured missions and rewards.
Neither BONK nor WIF has a defined liquidity strategy, whereas Punisher leads with aggressive “raids” powered by Punisher Energy.
As BONK peaks and WIF fades, Punisher Coin’s presale is gaining explosive momentum.
This isn’t just hype—Punisher delivers results. With staking, token burns, and an offensive liquidity model, it’s built for long-term success. For serious meme coin investors, Punisher is a fresh and strategic play.
The Meme Coin of the Year?
BONK and Dogwifhat created waves. But Punisher Coin is creating a storm. It’s not only the best meme coin to buy today — it may be the most strategic meme asset launched this year. With robust tokenomics (2B supply, 33% for presale, 22% for staking) and a multi-layered brand (Enforcer, Strategist, Executioner), it’s designed to do more than trend — it’s built to conquer.
Don’t settle for old hype. Be part of a new narrative with actual mechanics behind the meme. The Punisher Coin presale is live — join now and ride the wave of 2025’s most tactical meme coin. Claim your $PUN, stake it, earn rewards, and watch your portfolio grow.
Start Your Presale Journey Today With Punisher Coin:
The post BONK and WIF Had Their Moments, Now It’s Time For Punisher Coin To Shine As The Best Meme Coin Of 2025! appeared first on Coinpedia Fintech News
The meme coin market has long been a wild ride—fueled by hype, bold bets, and viral communities. While tokens like BONK and Dogwifhat (WIF) had their time in the spotlight, 2025 is shaping up to crown a new breakout star. If you’re on the hunt for the next big meme coin with real momentum and …
Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted that Strategy could eventually acquire up to 1.5 million Bitcoin.
This shows how strongly Saylor believes in Bitcoin as the ultimate store of value, and this is a sign that he is not slowing down.
Strategy (formerly Microstrategy) is the largest corporate holder of Bitcoin, with a staggering 628,791 BTC, which is about 3% of the total Bitcoin supply that will ever exist. Executive Chairman Michael Saylor suggested that Strategy may one day hold up to 1.5 million BTC, worth over $100 billion at current prices.
“I don’t think we’ll get all of it. I don’t think that the range of 3 to 7% is too much,” he said.
Saylor says Bitcoin is “digital capital” at the core of a unique business model.
A unique model is being followed at the company where Bitcoin is accumulated, and preferred stock is issued against it. This helps remove volatility for investors and offers yield. A recent stock offering planned at $500 million was raised to $2.5 billion due to high demand, making it the largest public offering of the year so far.
Bitcoin Treasuries Are Going Global
While Strategy holds a massive 3% chunk, Saylor welcomes the growth of the Bitcoin treasury movement. “There are now 160 public companies capitalizing on Bitcoin, up from just 60 last year,” he said. Companies from Japan, France, the UK, and the US are joining the wave, with MetaPlanet, Capital B, Smarter Web, and Pompliano’s 21 among them.
Saylor said that Bitcoin is gradually replacing traditional stores of value like foreign real estate, public equity, and even gold.
He also pointed out that companies like Apple and Microsoft are restricted from buying each other’s stock or the broader S&P 500. So instead, they repurchase their own shares, or now they turn to Bitcoin.
MSTR Earnings Soar, Institutions Stack Up BTC
Strategy crushed expectations this quarter, posting earnings of $32.52 per share, over 35,000% above the forecast of -$0.09. This shows that Saylor’s bold strategy is clearly paying off.
Other institutions also continue to stack up Bitcoin. Coinbase CEO, Brian Armstrong, just confirmed they added 2,509 BTC in Q2 alone. This has pushed Coinbase into the top 10 list of public companies holding Bitcoin, surpassing even Tesla.
Metaplanet recently revealed plans to raise $3.73B via preferred shares to fund its bold Bitcoin target of 210,000 BTC by 2027.
It’s as evident as ever – the Bitcoin corporate adoption wave is gaining momentum and Strategy is leading!
The post Michael Saylor Reveals Strategy’s $100 Billion Bitcoin Plan appeared first on Coinpedia Fintech News
Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted that Strategy could eventually acquire up to 1.5 million Bitcoin. This shows how strongly Saylor believes in Bitcoin as the ultimate store of value, and this is a sign that he is not slowing down. $MSTR is Amplified Bitcoin.$STRK is …
