XRP Whale Transfer, Bitcoin Death Cross, Cardano Treasury Boost: Crypto Market Insights
XRP Whale Transfer Sparks Market Speculation
A staggering 200,000,000 XRP, valued at $355.6 million, was transferred from an unknown wallet to Binance, the world's largest crypto exchange. This move, tracked by Whale Alert, occurred amid a 16.25% price drop but was later clarified as an internal transfer within Binance. XRP has since rebounded, rising 5.52% over 24 hours to trade at $1.95. The transaction fueled speculation about a potential whale dumping XRP, adding to market volatility.
Bitcoin Confirms First Major "Death Cross" of 2025
Bitcoin has formed its first major "death cross" of 2025, a bearish technical indicator where the 50-day moving average falls below the 200-day moving average. This pattern emerges amid a broader market sell-off, with Bitcoin plunging to lows of $74,420 after reaching an all-time high of $109,114 in January. At press time, BTC trades at $79,397, up 1.39% in 24 hours. The death cross has raised concerns about prolonged downward momentum, reminiscent of historical market crashes.
Cardano Dev Makes Historic Treasury Donation
Sebastien Guillemot, a leading Cardano contributor, announced that his team, dcSpark, donated 686,567 ADA ($460,000) to the Cardano treasury. The donation includes a $400,000 loan and $60,000 in interest, calculated at a 6% APR. The ADA tokens were purchased at $0.67 ahead of a major market sell-off. Despite current volatility, with ADA trading at $0.5971, the move aims to strengthen the ecosystem's treasury and enhance developer tools. The donation underscores the growing maturity of the Cardano blockchain.
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