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.
Why This Matters for XRP and Crypto
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.
Binance Sees XRP Inflows Surge
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.
Institutional Momentum Builds Across Crypto
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.
Tether minted $1 billion in USDT on the Tron network today, bringing its total minted tokens since January to 12 billion. This reflects growing demand for crypto and could signal bullishness.
Previously, major stablecoin issuances have led to a bullish cycle. With fresh inflows, the market sentiment is trending towards Greed, and Tether may facilitate more bullishness.
This new USDT minting could have broad market implications for a few reasons. Major net issuances often reflect growing demand from institutions and OTC desks that need large blocks of stablecoins for cross-border settlements or build-up before buying digital assets.
In isolation, this single issuance could push the needle in a bullish direction. However, since Lookonchain data shows a pattern of major mintings, Tether could spur a lot of optimism.
Despite recently hitting a three-year low, the Crypto Fear and Greed Index has been trending upward. It’s currently in Neutral but briefly exhibited Greed yesterday.
In other words, the market is primed to accept a bullish signal, and Tether’s major minting may provide it.
Still, not every mint equates to immediate market deployment. True bullish pressure arrives only when those new USDT hit exchange wallets. Luckily, that seems like a very achievable goal.
Ethereum price plunges below $1,600 on Tuesday, with ETH conceding more ground to BTC amid multi-chain expansion and rising macro pressure. With ETH price at risk of a potential slide to multi-year lows, here are key levels traders must watch in the days ahead.
Ethereum (ETH) faces intense sell-offs a week after Trump repeals DeFi law
Ethereum (ETH) is facing increasing headwinds as its market share among Layer-1 chains continues to erode, now approaching historic lows last seen during the 2021 altcoin supercycle.
Ethereum is facing bearish headwinds this week as competition among Layer-1 chains continues to erode, ETH market share. While Ethereum price is holding above the $1,590 level at press time, key trading signals suggest ETH could be at risk of plunging towards historic lows last seen during the 2021 altcoin supercycle.
Ethereum price action | Source: Coingecko
ETH’s latest sell-off intensifies just one week after former President Donald Trump repealed a Biden-approved law, mandating DeFi platforms to adhere to stringent KYC measures required of registered brokers.
Interestingly, the abrupt rollback—aimed at curbing what Trump called “bureaucratic overreach”—has instead spooked capital, accelerating outflows from Ethereum-based protocols.
With rising competition from faster, cheaper alternatives like Solana, Avalanche, and Base, Ethereum’s share of total value locked (TVL) and network activity has declined to under 55%, down from over 70% at its peak.
Ethereum TVL plunges $12B as ecosystem demand weakens
Despite the successful rollout of Ethereum’s Dencun upgrade in March 2025, on-chain activity has remained tepid. Gas fees have stabilized at lower levels, but that has not translated into renewed demand. Daily active addresses and transaction counts are plateauing, while Ethereum L2s like Arbitrum and Optimism have absorbed increasing volume, inadvertently siphoning activity away from the base layer.
Ethereum DeFi TVL dips from $58B to $46B between March 2 to April 16, 2025 | Source: DeFiLlama
Meanwhile, capital rotation into Solana and emerging EVM-compatible ecosystems has led to a fragmentation of liquidity, diluting Ethereum’s dominance in both DeFi and NFT verticals.
According to DeFillama data, investors have withdrawn over $12 billion from Ethereum DeFi protocols since the start of March 2025.
ETH/BTC Pair Paint a Grim Picture
Ethereum’s underperformance is further highlighted in its ETH/BTC trading pair, which has now declined below the 0.02 level, a psychological threshold watched closely by strategic investors.
ETH/BTC trading pair | April 2025 | Source: TradingView
The continued strength of Bitcoin’s dominance—now hovering above 54%—suggests capital is rotating out of altcoins and into more defensive majors as positive headwinds from US inflation data subsides.
With the SEC yet to provide a regulatory model from Ethereum’s staking model, spot ETH ETF continue to face rapid outflows, as sentiment around ETH remains fragile. While US inflation eased macro pressures, investors remain jittery anticipating the impact of the US-China trade war on stock prices.
Ethereum Price Forecast: Bull counting on $1380 support
As Ethereum’s market share relative to Bitcoin near all-time lows and bullish sentiment weakens,technical indicators reveal key support levels to watch in the days ahead.
Ethereum long-term price forecast prospects remain strong due to its global developer network and media dominance, short- to medium-term price action suggests vulnerability. Unless ETH can reclaim the $2,200 level with strong volume and improve on-chain fundamentals, the downside target near $1,100 may become an increasingly realistic scenario.
Ethereum price forecast
Hovering around $1,642, ETH price is trading at 31% discount from March highs, with a potential drop to $1,100 flagged by the measured move of a bear flag breakdown. However, the RSI at 42.45 suggests ETH is near oversold territory, hinting at possible short-term support near $1,385. While the 50-, 100-, and 200-day SMAs remain in a clear bearish alignment, the current consolidation pattern shows ETH trying to stabilize.
In this scenario, a bullish Ethereum price forecast would require a breakout above $1,730. Conversely, failure to hold $1,597 risks confirming the $1,100 downside target.
Bitcoin has experienced recent consolidation, with the cryptocurrency holding steady between $117,261 and $120,000 over the last two weeks. This stagnant price action has kept Bitcoin from reaching a new all-time high (ATH).
However, signals in investor behavior suggest that the upcoming month could lead to a significant shift, potentially rewriting Bitcoin’s historical price patterns in August.
Bitcoin Investors Are Sending Positive Signals
The current sell-side risk ratio for Bitcoin is at 0.24, marking a 6-month high. Nevertheless, it is well below the neutral threshold of 0.4 and closer to the low-value realization threshold of 0.1. This suggests that the market is experiencing consolidation, with investor behavior indicating a pause in large sell-offs.
Historically, periods of low sell-side risk have signaled market bottoms or accumulation phases, where investors wait for a favorable moment to drive prices higher. This accumulation is important because it suggests that Bitcoin’s price may be primed for a shift.
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Bitcoin’s accumulation trend score is currently near 1.0 for the past two weeks, indicating that large holders, including whales, are actively accumulating Bitcoin. This trend is essential as these whales have significant influence over the price of the cryptocurrency.
An accumulation score closer to 1 suggests a solid bullish momentum among institutional and high-net-worth investors. This could provide a solid base for Bitcoin to break through the resistance levels it has struggled with recently.
The steady accumulation by larger entities implies that there is growing confidence in Bitcoin’s long-term value. This could lead to an increase in Bitcoin’s price as more capital is injected into the market by investors.
Bitcoin’s price is currently hovering at $118,938, within a consolidation range between $117,261 and $120,000. While this range has held steady, the possibility of breaking through $120,000 is high if investor sentiment remains strong.
Historically, August has been a bearish month for Bitcoin, with the median monthly return sitting at -8.3%. However, given the current accumulation trend and the low sell-side risk, Bitcoin may defy its historical trend this year. If Bitcoin can secure $120,000 as support, it would likely push past $122,000 and move toward the ATH.
However, there remains a risk that the market could turn bearish if investors shift their stance due to unforeseen market factors. In this case, Bitcoin could lose support at $117,261 and slide to $115,000, reversing the bullish thesis.
