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Whales Selling Heavily As Ripple To Pay US SEC This Week. According to on-chain data revealed by Whale Alert on September 2, a whopping 1 billion XRP was shifted to Ripple over the past day by whales in a series of transactions. Moreover, a 20 million XRP dump was made to Bitstamp exchange by a well-known whale address, ..Rzn. These transactions, underscoring increased selling pressure on the asset, have sparked bearish sentiments among market participants. Notably, the dump transactions appear to be on the rise, with $125 million payment to the SEC looms this week. The crypto firm is set to pay $125 million in a legal maneuver in the XRP lawsuit this week. The company has 200 million in XRP coins from the unlocks. However, it’s also worth noting that Ripple recently locked 800 million XRP in escrow. This comes after 1 billion XRP were unlocked from escrow. Altogether, these massive movements have sparked market uncertainty about the crypto asset’s future performance. In response to whales selling XRP news, XRP price slipped 1.5% and is sitting at $0.5503. The coin’s 24-hour lows and highs were $0.5448 and $0.5618, respectively. Notably, today’s waning movement primarily aligns with the increased selling pressure to the asset, as mentioned above. However, in light of the company’s new banking plan, an XRP price analysis by CoinGape Media suggested that the token could rise as high as $4 ahead. Nonetheless, Coinglass data added to contrasting sentiments on the crypto asset. The coin’s OI dipped 1.15% to $608.68 million today. Besides, the derivatives volume surged 65% to $823.89 million. Also, it’s worth mentioning that the coin’s RSI rested along the 42 mark, hinting that the asset is neither overbought nor oversold at present. Crypto market enthusiasts continue to extensively eye XRP as massive whale dumps emerged as a noteworthy XRP news today. #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole

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Crypto Firm OKX Hires Gracie Lin From Grab to Be Singapore CEO. (Bloomberg) -- Crypto exchange OKX named former regulator Gracie Lin as CEO of its Singapore business in a statement on Monday. Lin previously held positions at Monetary Authority of Singapore as well as at Grab and GIC. #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #CryptoMarketMoves

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Crypto millionaires double in 2024, cross 172,000 amidst meme coin and AI hype. Crypto Wealth Report 2024 shared insights into the number of crypto and Bitcoin millionaires and the increase since last year. Nate Geraci of the ETF Store commented on the statistics. Bitcoin trades at $59,062 at the time of writing. The number of Bitcoin millionaires has doubled in 2024, up to 85,400. #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #CryptoMarketMoves

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Ethereum founder Vitalik Buterin says never sold Ether for profit, ETH slips under $2,400. Vitalik Buterin, Ethereum founder responded to criticism of Ether on-chain transfers. Buterin’s recent Ether transfers have raised concerns among ETH holders. Ether crumbled under selling pressure since ETF launch and consistent outflows have negatively influenced the altcoin’s price. #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #CryptoMarketMoves

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Ripple update: 1 billion XRP transfer, SEC could payback $125 million to Ripple if appeal fails. Ripple unlocked a large volume of XRP tokens on September 1. The transfer was tracked by Whale Alerts and XRP traders pondered on the impact of the large volume unlock. XRP is currently faced with mounting selling pressure and slipped to $0.55 on Sunday. #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #CryptoMarketMoves

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