Advertisement
XRP has taken a 3.6% hit in the last 24 hours, now trading at $2.37, as the crypto market continues to wobble following Wednesday’s Federal Reserve meeting. Over the past month, the token has seen a 7.7% decline, reflecting an overall bearish sentiment.
But here’s the twist—large-scale investors (a.k.a. “whales”) aren’t running away. In fact, they’ve been quietly accumulating more XRP during this dip. Data from Santiment shows that wallets holding between 1 million and 10 million XRP have increased their holdings by 3.8% in under two months, now controlling about 10% of XRP’s total circulating supply.
Meanwhile, trading volumes have plummeted by nearly 60% in the last 24 hours, largely due to market uncertainty following Trump’s recent appearance at a crypto summit in New York. Despite short-term volatility, XRP has consistently found strong support around the $1.90 level, making every dip an opportunity for long-term believers.
Solana’s ETF launch might be a game-changer
Solana (SOL) is also facing turbulence, falling 3% to $127 as the broader crypto market sheds 4%. Although it’s up 1% on the week, SOL has lost 25% over the past month and is down 32% over the past year.
However, the bigger story is Solana’s recent futures ETFs launch in the U.S. While the initial impact on price has been minimal, these ETFs could pave the way for more significant developments—namely, a spot-based Solana ETF. If that happens, SOL could potentially reclaim its all-time high of $293 and even reach $350 by year’s end.
The next big thing? Solana’s layer-two expansion
For those looking beyond XRP and SOL, a new project called Solaxy (SOLX) is gaining traction. As a layer-two scaling solution for Solana, Solaxy aims to reduce fees, speed up transactions, and improve cross-chain compatibility. The project has already raised over $27.3 million in its presale, making it the biggest of 2025 so far.
With major whales accumulating XRP and promising innovations like Solaxy emerging, the current market downturn might just be an opportunity in disguise. Will you take advantage of the dip.